Leaving investment banks for technology firms (or simply not joining an investment bank in the first place) is all the rage. Take Ruth Porat. Take the Goldman Sachs investment bankers who left for Uber. Take Blythe Masters, who having quit banking for a blockchain start-up, seemingly has no intention of coming back again.
It’s not just front office traders and investment bankers who are turning to tech, however. Banks are losing support staff too.
The latest to make the migratory journey is Dee Clarke, Bank of America Merrill Lynch’s long-time head of campus recruitment in EMEA. Clarke, who was EMEA head of campus recruitment for four years from October 2011, joined Amazon in November.
She didn’t immediately respond to a request to comment, but Amazon’s graduate recruitment site suggests it hires interns, MBAs and Masters candidates – just like investment banks. We assume that Clarke will now apply all her experience of attracting elite students into banking to attracting those same students to work for the world’s biggest e-tailer. Oh dear.