Discover your dream Career
For Recruiters

Goldman Sachs & Citi are losing macro traders to hedge funds

Macro trading had a very nice 2022. And it seems banks are expecting the action to continue – we’ve spied at least two senior traders moving from banks to hedge funds.

Gary Stein joined Millennium as a portfolio manager after seven years at Goldman Sachs, most recently as the bank’s head of Latin American FX trading. He joined the firm as a VP from UBS and was part of Goldman’s 2022 class of managing directors. He’s based in New York.

Karl Abdelnour, meanwhile, joined Schonfeld, also as a portfolio manager. He left Citi after 4 years with the bank, and was most recently head of US swaps trading. He’s also based in New York.

Stein and Abdelnour aren’t the only Marco traders moving around. Goldman lost an entire team to Marshall Wace the other month – and Morgan Stanley has been picking off traders from Bank of America and Citi after losing some to Deutsche Bank.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for jobs in finance and technology.

Have a confidential story, tip, or comment you’d like to share? Contact: Zeno.Toulon@efinancialcareers.com in the first instance.

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
AUTHORZeno Toulon Reporter

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
Recommended Jobs
Carisbrook Partners
G10 STIR FX Trader
Carisbrook Partners
London, United Kingdom
The Meyer Consulting Group
Analyst / Senior Analyst, Portfolio Management
The Meyer Consulting Group
Singapore
Acadian Asset Management
Trader, Implementation
Acadian Asset Management
Singapore
The Meyer Consulting Group
Investment Associate, Family Office
The Meyer Consulting Group
Singapore
Qube Research & Technologies
Execution Trader - CTA/Macro
Qube Research & Technologies
Singapore

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.