A data scientist and engineer who is also an expert Java developer, Mitul Raul is exactly the type of professional that banks want to recruit and retain. It's unfortunate, then, that he just quit J.P. Morgan for a fintech firm.
Raul just joined ITG, a financial technology firm that provides data analytics and trading algorithms for brokers and asset managers, as a managing director and the global head of analytics development and market data. It's a step up in title for Rahul, who was an executive director after more than six years at J.P. Morgan, where he lead the cross-asset global analytics platform.
Raul started his career as an IT analyst and software developer in the private banking group at Citi, where he developed applications, managed databases and executed a migration to Oracle. From there, he moved on to CA Technologies, a provider of business management software that is ironically headquartered in New York. He joined Lehman Brothers as a senior developer in 2005 and stayed on after the bank went under and was integrated into Barclays Capital.
ITG employs close to a thousand people globally and has been going on a hiring spree, adding quants, big data and software developers who are familiar with a number of programming languages, including C#, C++ and Python, as well as sales and product management professionals.
In April, ITG hired Charlie Whitlock as the head of U.S. sales. Previously, he was an executive director and the head of Americas electronic equity sales at J.P. Morgan. Prior to that, he was a director on the algorithmic trading desk at Merrill Lynch.
J.P. Morgan has been hiring plenty of data scientists and machine learning experts in its own right.