Jason Gurandiano, the Deutsche Bank managing director who quit abruptly during the middle of an acquisition deal, has launched his own technology consultancy.
Gurandiano departed Deutsche Bank earlier this month despite being the investment banker handling J.C Flowers’ sale of Acensus Inc. He was described as a “fantastic banker with a huge revenue base” and a “big loss for DB” by sources speaking to PE Hub. His departure was said to be “very abrupt”.
Now, he’s describing himself as “global financial technology entrepreneur and advisor” and is managing partner at New York-based RoGi Consulting. Gurandiano was previously head of financial technology banking at Deutsche Bank.
This firm was registered with the NY Department of State in March 2014. So far, Gurandiano is the only listed employee.
As we mentioned at the time of his departure, exiting mid-deal breaches the cardinal rule of investment banking – that you need to keep clients happy. Gurandiano’s new venture perhaps explains his abrupt departure.
He’s also the latest banker to ride the crest of the fintech wave, following on from a range of senior bankers and traders who have started their own companies.
Gurandiano worked at Deutsche Bank for nearly ten years before his departure earlier this month and had previously worked as a vice president at Citigroup. However, he also had a series of other positions alongside his banking job including director of Edgeware Wireless Systems, director of Card Compliant and chairman of Versapay.