Technology and data MDs in banking spent the pandemic lining up new jobs
As we haven't tired in pointing out, new jobs in investment banks are down thanks to COVID-19, but technology and data science jobs are down less than the rest. It's hardly surprising then that various managing directors (MDs) in data and tech appear to be swapping jobs this summer.
JPMorgan, for example, poached Neil Hyman from Barclays to be its New York head of corporate and investment bank (CIB) data products, starting this August. Hyman previously spent nearly seven years at Barclays, where he was CTO of risk analytics and index solutions and global head of Point, a software platform providing analysis tools for fixed income portfolio managers. At JPMorgan Hyman also has responsibility for Pricing Direct, the bank's fixed income pricing and analytics platform.
Citi has also been busy hiring in New York City. It just added Jody Spearing, a JPMorgan technology MD. Meanwhile, Ashwin Gannamraju, the former global head of data management in prime services at Credit Suisse in New York, quit for San Francisco-based family office advisor ICONIQ Capital, where he'll be head of data and business intelligence.
As we reported last week, technology jobs accounted for 17% of all new jobs advertised at leading banks in July 2020 according to data from Burning Glass. This compared to 13% in July 2019.
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