Another senior banker has decided to reject the cutty-thrustiness of banking life and do something tangential but hopefully more relaxing. He is Carsten Kengeter, 47-year old ex-head of UBS's investment bank, ex-co-head of Goldman Sachs' Asian securities business, and onetime head of fixed income currencies and commodities for the German region at Goldman Sachs.
What can other senior bankers who are looking for a career change at 40 (or 47) learn from Kengeter's deft leap?
Carsten hasn't actually gone from UBS to unemployment to Deutsche Borse. He quietly spent a bit of time as a 'guest professor' at the London School of Economics in the interim.
It seems that Kengeter also had a go at Google Ventures-style angel investing before going for the job at Deutsche Boerse. The Financial Times reports that he has also, 'has spent the past year involved in personal investments into financial technology companies.' So either those investments didn't work out, or he figured he needed a 'new challenge' in a full time job.
There's no point going for a career change at 40, or older, when the company you're joining clearly likes to employ people in their 20s and 30s.
Kengeter has not made this mistake. The man he's replacing (Reto Francioini) is going to be 60 next year.
You want to work up to your big new role. Don't commit to starting next week, or even next month. Kengeter won't replace Francioni until June next year, giving him plenty of time to acclimatize.
Kengeter used to be a fixed income trader. Now he's helping a stock exchange adjust to the demands of new technology and market data. It's a new challenge, but it's not that new.