Bank to square one

摘要

The first investment bank where Ken Moelis worked-Drexel, Burnham, Lambert-failed spectacularly. Another former employer, Donaldson, Lufkin & Jenrette (dlj), was bought by a bigger rival. The most recent, ubs, is now on government life-support. During his 25-year career in investment banking, in short, Mr Moelis has seen it all.