Goldman Sachs MDs keep moving to fintechs
Do you think bankers want to steer clear of the fintech industry after a rough couple of months? Think again. Goldman Sachs CEOs are still migrating over. Although crypto careers are not as attractive as they used to be, jobs in new banking and payment services are still very popular real estate.
Revolut, the app-based bank, is the latest to recruit from GS. Last month, Revolut added Paulo Re, a former managing director of Goldman’s finance group, as head of financial institutions. Re will expand Revolut’s treasury function. He worked for 16 years for GS in London.
Payment processing company Stripe has also pulled in all the senior Goldman talent it can get.
In August, for example, Vladmir Zhukov, a Goldman MD and the firm’s head of data science and machine learning, became head of fintech growth and core data. In May, another MD, Rhett Brewer, Goldman’s former co-head of treasury quantitative analytics and engineering, joined Stripe as head of risk and financial strategy data science. Matt Leisen, another ex-Goldman MD in liquidity risk analysis, also joined in May.
Combined, Leisen, Brewer and Zhukov had over three decades of experience at Goldman. Jeff Gowen, a former investment banking director at Goldman who joined Stripe to manage partnerships in 2021, has just moved to head of finance and investor relations.
The competition for Goldman employees is not limited to London and New York. Revolut is also hiring Goldman talent across Europe with a particular focus on Poland, where they have poached from Goldman’s Warsaw office. Revolut’s employees from GS in Poland include software engineers Luciano Coccia and Michał Jezierski and senior compliance manager Patryk Koston.
While fintechs are hiring from Goldman, they are also cutting. At Stripe, for example, 14% of the workforce was laid off at the beginning of November.
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