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Bank to square one 回到原点的银行 Ken Moelis believes that small is beautiful when itcomes to investment banking; 肯莫里斯认为对于投行来说做小是件好事; The first investment bank where Ken Moelis workedDrexel, Burnham, Lambertfailed spectacularly.Another former employer, Donaldson, Lufkin Jenrette , was bought by a bigger rival. Themost recent, UBS, is now on government life-support. During his 25-year career in investmentbanking, in short, Mr Moelis has seen it all. Over that period investment banks have evolvedfrom staid partnerships into huge, publicly traded conglomerates before stumbling, and insome cases collapsing, last year. But Mr Moelis has survived the upheaval, and come upwith some ideas about how investment banking could be improved along the way. He is nowtrying to put them into practice at the bank he founded in 2007, Moelis Company. 肯.莫里斯工作过的第一家银行Drexel, Burnham, Lambert壮烈地倒下了。另外几家老雇主Donaldson,Lufkin Jenrette也被更大的对手收购。最近，瑞银集团也靠政府支持维生。在25年的投行生涯中，莫里斯，简单地说，见证了这个全过程。在这期间，在去年投行业受挫，甚至彻底崩溃之前，他们从一种稳健的伙伴发展成为巨大的，公开交易的混业经营体。但是莫里斯经受住了巨变的考验，并且对如何改进投行业有了一些想法。现在他试图把这些想法在他2007年创办的莫里斯公司付诸实践。 | 
