Discover your dream Career
For Recruiters

Goldman Sachs hired a senior German credit derivatives salesman from JPMorgan

Not everything is due to Brexit and not all German sales hires are being made in Frankfurt. - Goldman Sachs has just poached one of JPMorgan's senior German derivatives marketers in London.

Christopher Hollensteiner joined Goldman Sachs this month after over 13 years at JPMorgan, which had employed him solidly since his graduation in 2006.

Hollensteiner was an executive director in JPMorgan's financial institutions derivatives marketing team and is thought to be joining Goldman in a similar role.

It's not clear why Goldman has chosen to bolster its German sales team now (or whether Hollensteiner will soon be moving to Frankfurt), but Hollensteiner's arrival may not necessarily be related to Brexit. - Goldman has long talked-up the growth potential of the German market. 

The German derivatives market has its complexities, however. As a junior at JPMorgan, Hollensteiner was part of the credit derivatives marketing group for Germany, Austria and Switzerland that signed a contract with Berlin's public transport provider BVG. BVG made a loss of $200m on the deal and refused to pay JPMorgan the money it owed. JPMorgan took the company to court. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Latest Jobs
Octavius Finance
Quantitative Commodity Trader
Octavius Finance
Texas City, United States
BNY  Mellon
Senior Vice President, Audit Manager (SDLC)
BNY Mellon
Pittsburgh, United States
BNY  Mellon
VP, Audit Project Leader (Sourcing)
BNY Mellon
Pittsburgh, United States
Bloomberg
Machine Learning Engineer - Media Data Science
Bloomberg
New York, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.