Three technology stock traders have left the Boston office of Steven A. Cohen’s nearly $10bn family office over the last week in a new round of defections at a firm that is still dealing with the fallout from a significant insider trading investigation.
The New York Times reports that the three traders who resigned from Point72 Asset Management are Telis Bertsekas, Michael Valentine and Nina Hughes, said two people who were briefed on the matter but not authorized to speak publicly. All three had worked in the relatively small Boston office of the 850-employee firm, which maintains its headquarters in Stamford, Conn.
Bloomberg News reports that Ogawa, 44, a vice president at Goldman Sachs, will leave the firm later this year to join a financial institution, the people said, declining to be identified because the matter is confidential.
Reuters reports that Haddad is currently head of Citi's private banking business in the Gulf and Egypt. He will continue in this role, as well as taking on responsibility for Qatar, a hydrocarbon-rich state with the highest per capita income in the world.
Finally, Barclays have hired Greg Smith from Credit Suisse as a managing director of its consumer retail team, another new appointment for the firm that’s lost several high-profile employees this year.
Bloomberg News reports that Smith will join Barclays in September and head the firm’s Atlanta office, according to an internal memo obtained by Bloomberg News and confirmed by the bank. Smith has spent the past eight years at Credit Suisse as a consumer retail banker.