Automating the Wall Street Rainmaker
Article originally published on Bloomberg 10/11/2018
Wall Street pours billions of dollars into technology every year, looking for ways to replace many of its money managers, research analysts, and traders with machines. But there’s one job that few believe can be automated—that of the investment banker. Investment bankers weave together complicated mergers and acquisitions, pitch initial public offerings to investors, and serve as confidants and counselors to chief executives. They’re also rainmakers, cultivating relationships that bring in business.