As the global economy teeters on the brink of a potential upswing, a surprising trend has emerged in the world of investment banking. Despite the uncertain economic climate, top firms like Evercore, Lazard, and Moelis have been aggressively poaching dealmakers in anticipation of a surge in merger and acquisition activity. These strategic hires suggest that the big banks are betting on a rebound in the market, with some analysts predicting a significant increase in deal-making in the coming months. But have they timed their move too perfectly, or is the upswing already underway?
Investment banks like Evercore, Lazard and Moelis scooped up dealmakers ahead of an upswing that has yet to fully materialise