The ex-JPMorgan and BofA bankers taking new jobs in fintech
There are signs of growth in the fintech industry in 2025 after a sorry 2024 and with that growth comes the arrival of more employees from traditional finance. The latest to join the sector is an investment bank sales head taking an MD role at a fintech with strong TradFi links.
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Stuart Holt has joined New York fintech Clear Street as a sales MD for distribution and client strategy in London. The fintech is focused on brokerage technology, but has a number of different products and teams, including a small investment banking division. Holt spent the past seven years at Berenberg as head of pan-European sales. He's also a former director of equity sales at Bank of America.
Clear Street's UK entity is a small one, but has only just started being built out. Clear Street hired ex-G-Research chief of staff Jacinda Fahey to run the team back in October 2023, but the majority of its ~30 UK employees have joined in the past year. Senior hires include Jamie Purnell, EMEA head of equity finance at Nomura, who joined as an MD in September. It also hired two MDs from TD Cowen, Sebastian Greensmith and Tarquin Orchard, for its event driven strategies team, back in November. The fintech has three current open job listings in London, the most senior of which is an EMEA head of electronic sales and client coverage.
It's not just bankers taking new jobs in fintechs; ex-bankers who already left for fintech are joining even smaller startups. Lee Clifton, ex-global head of product for merchant services at JPMorgan, left for fintech giant Stripe in 2022. He now joins Acquired.com, a fintech with 33 employees as of March 2024, as its COO.
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