The writer is senior adviser at Engine AI and Investa, and former chief global equity strategist at Citigroup
AI technologies will change working practices across many white-collar professions, including investment banking. Tasks at the bottom of traditional career pyramids are likely to be automated first. Those towards the top will take much longer.
Many years ago, I started as a graduate trainee in the equity research department of a long-forgotten London stockbroker. My first jobs were to collect information, update models, format charts, prepare presentations and get the coffee. By doing these basics, I freed up my seniors to do more important tasks such as idea generation or meetings with companies and investors.
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