Morning Coffee: 56-year-old Goldman banker's special appeal for 22-year-old NYC analysts. Confirmation that 2018 started well

27 February 2018

3 minute read

Morning Coffee: 56-year-old Goldman banker's special appeal for 22-year-old NYC analysts. Confirmation that 2018 started well

It’s one thing when a senior banker gives his analysts more time off to party at the weekend; it’s quite another when he wants to party with them.

Back in 2013, David Solomon, currently president and co-chief operating officer of Goldman Sachs, helped devise a rule compelling GS juniors to stop working between 9pm on Friday and 9am on Sunday. Now he’s gone even further to get on side with Goldman youth. Solomon has been hanging out at just the kind of hip place where wealthy Millennial Goldmanites might choose to spend their Saturday nights and (early) Sunday mornings.

As is widely known, Solomon moonlights as the international DJ “D-Sol”, and has spun tunes at nightclubs in the Bahamas and Miami. But now he can also be found behind the decks at a venue much closer to the office: “Schimanski” in Williamsburg, about a 25-minute Uber ride from Goldman HQ at 200 West Street.

Celebrity news site Page Six reports that Solomon was playing his signature electro beats at the upscale Brooklyn club (notable for its “facade of classy rusted metal and sandblasted brickwork” and its “fiberglass disco shark hanging over the bar”) last Saturday night. About 750 people were at the sold-out event. Any Goldman Sachs bankers among them might not have just come along to see their co-COO on stage. Another middle-aged man took over after Solomon’s set: legendary 54-year-old British DJ Paul Oakenfold.

While Schimanski may have recently played host to a high-profile banker whose annual salary is $1.85m, it is named after someone of much humbler origins: a working-class cop from Germany’s longest-running TV show, a crime drama called Tatort.

Separately, J.P. Morgan has confirmed what we already suspected: it’s been a good start to 2018 for traders. On the back of recent market turbulence, trading revenue at the US bank is on track to rise by “mid to high single digits” in the first quarter of this year, reports Bloomberg. “Clearly, the year has started well,” Daniel Pinto, co-president of JPM, said yesterday, citing currencies and equities as being particularly buoyant. This is welcome news for the firm’s traders – the bank lost ground to rivals last year.