Here are 3 ways Goldman Sachs is using automation to drum up new business for investment bankers, from pitch books to ECM data

• Goldman Sachs is replumbing some of the internal systems used by bankers.
• Akila Raman is COO of the investment banking division. Miruna Stratan leads IBD’s engineering.
• Here are three ways the firm is automating workflows, from peer sheets to ECM data.

A perfect storm of surging deal flow and burnt out workers is pushing some investment banks to automate more.

M&A deals are getting done at record levels. And junior bankers, often the ones responsible for the grunt work required to close deals, are waning as firms strive to keep pace. Working remotely has exacerbated the situation, in addition to a labor shortage.

Now, firms are looking to technology to catch up, and maybe even get ahead.