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Goldman Sachs execs highlighted key areas in the investment bank they're automating to streamline how bankers get deals done

Goldman Sachs execs highlighted key areas in the investment bank they're automating to streamline how bankers get deals done

Akila Raman, chief operating officer, Goldman Sachs investment bank division.
Goldman Sachs




Goldman Sachs is automating and replumbing some of its internal systems to alleviate banker burnout.




Akila Raman is COO of the investment banking division. Miruna Stratan leads IBD's engineering.




They highlight three ways the firm is automating workflows as Wall Street burnout stays top of mind.




See more stories on Insider's business page.


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. While Goldman Sachs' automation endeavors in its investment bank are not new, the past six months have fortified those efforts.
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