If you work for Deutsche Bank and you're apprehensive about losing your job to a merger with Commerzbank or to another round of cost cutting, or to some kind of major restructuring in which DB decides to focus mostly on Germany, then fear not. Lorcan O'Shea left Deutsche Bank and he is now doing something far more exciting instead.
O'Shea spent seven years at DB from 2010, and was latterly head of UK and Ireland equity capital markets (ECM). He offically left Deutsche in September 2017 after quitting in April, saying that he wanted to spend some time out of the market after 23 years at DB, Merrill Lynch and JPMorgan.
As of this month, he's back: O'Shea has joined Zelig Associates, a financial technology boutique, as a partner.
O'Shea declined to comment for this article, but Zelig's appeal seems fairly clear. As a tech-focused boutique, it helps fintech entrepreneurs plan their strategy and raise money. As a partner there, O'Shea will be working with interesting high-growth companies that shape the future of finance.
In a lesson to any former Deutsche Bank colleagues who might want to do something similar, O'Shea didn't spend his 18 months out of the market being idle. Last year, he took the fintech programme at Oxford University's Saïd Business School. This will undoubtedly have aided his metamorphosis into a fintech banker. Bankers at Deutsche and elsewhere might want to contemplate something similar...
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Photo: Deutsche Bank, Flickr