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The push to implement data and AI has already triggered questions over the future of investment banking — and particularly whether banks will start to hire fewer investment banking analysts as technology improves efficiency of their grunt work.
“Some people within our company look at all the productivity tools that have come before — spreadsheets, the internet, mobile — and said well that’s made everyone more efficient but we haven’t shrunk our headcount at all, so why is this any different?” said Moelis Chief Executive Officer Navid Mahmoodzadegan
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