Palantir needs to hire more junior bankers

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Palantir needs to hire more junior bankers

If you work in banking but you harbour a secret wish to work for data science company Palantir, you should probably apply soon. Bloomberg reports today that Palantir is behind in its plan to recruit more salespeople - and that it needs to make amends before its IPO, which is now being pushed back to 2020.

Today's revelation follows a report in January that Palantir had decided to build a bigger sales team to pitch its software to clients - a move that was seen to contradict its historic focus on hiring engineers. Then, Bloomberg reported that Palantir's European sales team was already well staffed and the company was trying to replicate its European success globally, suggesting that the new sales hires were more likely in the U.S. and Asia.

As we noted before, many of Palantir's junior sales hires (or 'forward deployment strategists' who analyze clients' requirements and devise solutions to fit them) in London have backgrounds in banking - typically in either sales and trading or in technology.  Palantir's recently hired deployment strategists in the U.S. include Drew Goldstein, a former Goldman Sachs IBD analyst or Saad Ljazouli, an ex-equity derivatives quant at Citi.

Palantir is currently advertising for both 'forward deployment stategists' and business development and strategy professionals in London and for both these roles plus 'leverage' and sales professionals in New York. The leverage team at Palantir is tasked with finding new business opportunities and expanding customer relationships. Sales, 'find, evaluate, and pursue new business opportunities for a targeted institution or geography.'

Both roles are inherently suited to young bankers looking for a change of scene.

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