Junior investment bankers who specialise in tech companies have a new option to make the leap into a business development role (very) early in their career – online food delivery firm, Deliveroo has been hiring.
Carlos Ventura, an associate in the TMT M&A group at Goldman Sachs in London, has just joined Deliveroo in a corporate development and strategy role after two years working at the U.S. bank.
Ventura is the second junior investment banker to make the switch across to Deliveroo in the past few months. Alexander Cornish, an analyst in Deutsche Bank’s TMT group in London, joined Deliveroo in a finance role in December.
Tech investment bankers are among the most likely to switch into a business development or corporate strategy role within the firms that they advise. Expertise in this area is highly sought after and investment bankers looking for a career switch often move into the tech industry, whether that’s at large firms or start-ups.
But, more often than not, it’s managing directors or bankers heading up tech advisory divisions that are courted by technology companies. Junior bankers being offered these types of roles is very rare indeed. However, investment banks’ training programmes make their juniors a prized commodity, and analysts and associates are increasingly making the switch to a start-up.
Deliveroo also hired Alexa Berger, an equity sales trader at Goldman Sachs in London as a senior corporate business development manager in April last year.
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