A Generic Process-based Framework for Investment Management of Iranian Banks

Subject Areas : business management

Ali Asghar Abdorrahimian ¹ , Ali Asghar Anvary Rostamy ² , Mirfeiz Fallah ³

1 - Department of Financial Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran
2 - Department of Management & Planning, Iran Management Study & Technology Development Center, Tarbiat Modares University, Tehran, Iran
3 - Department of Business Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran

Received: 2020-04-18 Accepted : 2020-08-09 Published : 2020-09-22

Keywords: Bank, Process-based Framework, Generic Framework, Investment Management,

Abstract :

This main purpose of this study is to provide a generic process pattern for optimizing the investment management process in Iranian banks. To this end, the literature and related processes were examined, three types of legal, systemic, and goal constraints on investment were mentioned, and investment management constraints on banks, including bank liquidity management constraints, were emphasized. Then, the special distinction of banks in terms of criteria and indicators and two levels of investment performance evaluations were explained. Finally, the components and, accordingly, the generic process pattern for bank investment management were presented. In this pattern, the necessity of using a systemic approach and the necessity of coordinating its banking and non-banking activities in the form of a large set in modeling and optimization were emphasized. The proposed pattern through improving the coordination and a more logical sequence of the investment management process in banks will provide the basis for improving the efficiency of Iranian banks.