FILE PHOTO: A man works from home amid the coronavirus disease outbreak in Shoreline, Washington, U.S., March 23, 2020. REUTERS/Brian Snyder
His bank’s investment banking revenue was up 25% year-on-year in the second and third quarters as companies took advantage of a stock market rally and cheap financing to pursue dream deals and capital raises. But they also reveal fears among some about losing their competitive edge as they pitch digitally for business, amid concerns that younger bankers are falling behind.
“We can now get to investors around the world in an IPO road show, which used to be seven to nine days on average, in five to seven days,” said Kim Posnett, Goldman Sachs Group Inc’s co-head of global investment banking services. She added that Goldman Sachs executed two-thirds of mergers and acquisitions it advised on in 2020 “completely virtually.”
Working from home invites your wife, your kids, your dog. How can anybody be a professional?