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Even though this is from 2018, it was and still is completely applicable to every other investment bank out there. Investment banking organizational structures
by DrBazza 3y ago
Even though this is from 2018, it was and still is completely applicable to every other investment bank out there.
Investment banking organizational structures are set up such that bureaucracy encourages 'silos' where teams can deliver quicker if they don't depend on other teams, and performance related pay dominates the managers (managing directors) thinking.
Having worked at Megabank, it ran at least one system on SunOS (not Solaris), well into the late 2010s. It had Windows XP, long after end-of-life.
Nothing about that story is peculiar to DB.
- steveBK123 3y agoDB was running LotusNotes instead of Outlook well into the 2010s.
- rcbdev 3y agoRBI did so until 2-3 years ago.
- steveBK123 3y agoKings
- DrBazza 3y agoThis feels like crap-Investment-Bank poker. I'll raise you a company-wide ticketing system written in COBOL, running on an IBM mainframe.
- steveBK123 3y agoThat sounds kind of awesome though.
- galacticdessert 3y agoSo did McKinsey ;)
- steveBK123 3y agoOMG