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Over dinner, the conversation turns to the future of investment banking. The European head of one global firm looks tired, and a little resigned. “This business is changing faster than anyone realizes,” he says. “We’re moving to an era of specialization, one where there are very few true global players offering a full suite of investment banking services.” He declines to add if he expects his firm to be one of them.
The global head of securities at a rival firm takes up the theme: “This is good news.
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