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.
| less than a minute read
Banks Mine Decades of Deal History to Feed AI Banking Tools
“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
