Remember Chris Yoshida? He's the former head of global rates distribution at Deutsche Bank who was last seen here advocating against banking careers in favour of, "solving problems with a social purpose" instead. He's just joined private equity firm The Carlyle Group in London as a full time senior advisor.
In normal circumstances, it would be unusual for a senior global markets professional to move into private equity. However, Yoshida isn't the average ex-rates sales professional.
He left Deutsche Bank after less than two years in March 2016, and has spent the intervening years as an advisor to the Kairos Society (which helps discover young innovators who are solving problems through for-profit business models) and gust network (which enables interaction between top talent and employers over a decentralized blockchain protocol). In April 2017, Yoshida joined trueEX LLC, a swap execution facility, as chief strategy, sales and marketing office. .
Yoshida will be working with Mark Jenkins, Carlyle's global head of credit, with whom he worked when began his career in 2000 as an analyst in Goldman Sachs' investment banking division. Yoshida told us previously that he didn't much enjoy investmentbanking: "I was an investment banking analyst in energy and power M&A and I never really left my cubicle for 12 hours a day – I was there making pitch books." Like some other juniors in investment banking divisions, Yoshida suggested the work in IBD was fundamentally tedious. "The learning curve isn't nearly as steep as you expect it to be. You get taught Excel and you learn how to be a grunt and survive it and you learn how to get yourself noticed by senior management," he reflected.
His move into private equity comes at an interesting time, with funds in London waiting to see what impact Brexit will have upon their investments.
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