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Boutiques Moelis and Evercore lean more on junior bankers in deal boom
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fnlondon.comBoutique investment banks are handing more responsibility to junior and mid-ranking dealmakers, and bolstering hiring bankers across the ranks, as firms look for ways to bolster talent amid an ongoing boom.
Ken Moelis, chief executive of boutique Moelis & Co, said that vice presidents, executive directors and newly-promoted managing directors at the firm were bringing in more deals — particularly from private equity firms — and the onus for big transactions was not falling just on “superstar M&A bankers”.
Moelis...
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