Bankers leave big salaries behind to chase the dream

One Billion Dollars

Richard Liu gave up a seven-figure salary this month to get into one of the hottest financial instruments around right now: initial coin offerings.

Bloomberg News reports that the former China Renaissance deal-maker has since backed a clutch of cryptocoin sales that’ve raised millions - sometimes in seconds - often without a single product.

From Hong Kong and Beijing to London, accomplished financiers are abandoning lucrative careers to plunge into the murky world of ICOs, a way to amass quick money by selling digital tokens to investors sans banks or regulators. Cut out of the action, a growing cohort of banking professionals are instead applying their talents toward buying or hawking cryptocurrency.

They’re going in with eyes wide open. For Liu, who put together some of China’s biggest tech deals in his old job, the chance to shape the nascent arena outweighs the dangers of a market crash or crackdown.

Hit the link below to access the complete Bloomberg News article:

Bankers Ditch Fat Salaries to Chase Digital Currency Riches

Barclays Investment Bank Under Scrutiny as Stock Lags Rivals

 

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts