If you want a technology job in banking now, it will help to have three words on your CV: equities trading technology. As banks build out their algorithmic trading capabilities, senior technologists with experience working on high speed trading systems are the new hot thing.
Goldman Sachs is among those in the market for technologists with experience in the area. It recently hired Jee Wayn Ong, a former vice president at Bank of America Merrill Lynch with seven years of experience in equities electronic trading technology. A Java developer with experience of technology supporting both algorithmic trading and the central risk book, Ong joined Goldman as an executive director in the London office earlier this month.
Ong isn't Goldman's only executive director hire into the electronic equities space. The bank also recently recruited Sami Haj Slimane, a former director at BAML with historic experience in equity quantitative analytics and algorithmic trading.
Meanwhile, banks are having a hard time retaining their existing tech talent. For instance, J. P. Morgan recently lost one of its most senior equities trading technologists, Asif Adatia, and will need to find his replacement.
Adatia, who has more than 27 years of experience, 15 of which were at Goldman Sachs, served as a managing director at J. P. Morgan before leaving the bank earlier this month. Adatia didn't respond to a request to comment on his exit, which may mark his retirement. It comes after J.P. Morgan appointed Mike Grimaldi as head of technology in the investment bank in September last year.
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