Following the announcement in February of a merger between Morgan Stanley and Dean Witter, investment bankers have been guessing about the shape of other such deals. Few would have predicted the strategic alliance unveiled in March between Bank of America, the US’s third-largest commercial bank, and DE Shaw, a publicity-shy New York-based investment bank, run by computer scientists.
David Shaw, the firm’s founder, chairman and chief executive, is a former computer science professor of Columbia University where he researched supercomputing in the mid-1980s.
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