It is becoming like one of the seven ages of man.
A banker begins life shouting on the trading floor, then battles for power in the investment bank, before overseeing the whole institution.
As a final act, it seems that all top bankers must now form a special purpose acquisition company (Spac).
That is what the typical late-stage career of the successful CEO appears to be in the 2020s.
First was Sergio Ermotti, who became chair of Investindustrial Acquisition Corp immediately after stepping down as UBS’ chief executive in November.
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