Banks have ranks, for most employees, rather than job titles. For example, when I was there UBS had: non-officers, Associate Directors, Directors, Executive Dir

Banks have ranks, for most employees, rather than job titles. For example, when I was there UBS had: non-officers, Associate Directors, Directors, Executive Directors and Managing Directors, in increasing rank. Other banks do the same with other keywords instead of "Director". VP for example. Or whatever. The point is, it's just a rank scale that's meant to cover all the "officers" and provide them with sufficient apparent title that clients won't feel like the person they're dealing with is some junior guy.