One of the golden rules of working for Goldman Sachs is that you embrace the culture of the firm and believe in its supremacy over its investment bank rivals – especially J.P. Morgan, which is lodged, inconveniently, at the top of most league tables.
But in recent months, not only have senior employees at Goldman been departing for new ventures, they’ve been moving across to big jobs at J.P. Morgan.
The latest example is Michael Gillott, a managing director within Goldman Sachs’ infrastructure engineering and data center team in New York. Gillett joined J.P. Morgan in January in a similar role. While not strictly a ‘banker’, Gillett is still a key person as Goldman focuses increasingly on tech and automation within its investment bank.
J.P. Morgan has also lured Dirk Urmoneit, who was a managing director within Goldman Sachs’ equity derivatives trading team until late last year. Poppy Thatcher, an executive director who worked in equity finance, also joined J.P. Morgan as did senior Goldman technologist Krishnan Sankaran.
Meanwhile, J.P. Morgan has promoted Jamie Markham, who was a coverage banker within its infrastructure and utilities team. He’s now EMEA head of infrastructure and technology banking.
At Goldman, senior exits have continued. Latterly, Todd Haskins, a managing director in Goldman’s financial sponsors group who worked at the bank for over 12 years, has just joined private equity firm Stone Point Capital as principal and head of business development and investor relations. Haskins is a former U.S. Marine who also headed up Goldman’s veterans investment banking recruitment programme.
Meanwhile, Matthew Defucso, head of U.S. leveraged finance origination, has just joined Credit Suisse in New York and James P. Kenney, a managing director who worked in convertible sales, left earlier this month.
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