We're one week into the new year, and Goldman Sachs has already made three big hires.
The firm has brought on board Matthew S. Rothman, former head of global quantitative equity research at Credit Suisse, Louise Singlehurst, a former managing director at Morgan Stanley, and Kevin J. O’Reilly, another ex-Morgan Stanley managing director and former advisory director at The Madava Group. All have joined as managing directors.
Goldman Sachs has been sharpening its focus on lateral hiring at senior levels since last year. During a presentation in September 2017, co-COO Harvey Schwartz said the bank had doubled its lateral hiring in the year to date.
Rothman, who comes with more than 17 years of experience, has joined Goldman’s New York office. In one and half years he spent at Credit Suisse from August 2016, he led a global team of analysts to help big investors make stock picks based on huge volumes of data and developed tools for running quantitative strategies for the company. An expert in quantitative equity research, his appointment at Goldman Sachs comes at a time when the firm is expanding its equities algorithmic trading business.
This is Rothman’s second stint at Goldman. He had started his career there as an associate in 2001. An ex-managing director at Lehman Brothers and Barclays Capital, he joined Acadian Asset Management as a director in 2011 before leaving for CS.
Goldman Sachs is also one among many investment firms that are looking to rope in top equity research analysts who can pull-in revenues under the new regulatory framework MiFD II. The new model, which came into effect last week, is likely to increase cost and erode profits. This makes Singlehurst's appointment significant for Goldman. Based out of London, she has 17 years experience. Before joining Goldman Sachs, she was at Morgan Stanley, which she had joined in 2001. She served various equity research roles at the firm before becoming a managing director in January 2014. She headed European Luxury Goods and Brands equity research team covering stocks including LVMH, Kering, Richemont, Burberry, and Adidas.
Meanwhile, O’Reilly, who has 21 years of experience, is based out of Goldman's New York office. Before joining The Madava Group in January 2017, he was a managing director at Morgan Stanley, where worked 12 years. While at Morgan Stanely, he headed investor sales, commodities sales, commodity lending and wealth management among other things. Some of his earlier stints include working as a vice president at Bank of America, Credit Suisse, and Deutsche Bank.
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