The Hollywood bank hiring juniors from bulge brackets in London
It’s a theme of 2017 that junior investment bankers at large firms are quitting for something more adventurous within the financial sector. - Hedge funds that are just kicking off, tiny private equity companies and, of course, fintech start-ups.
Where once juniors quit banking for something entirely unrelated, now they're utilising the training they received at large investment banks in more interesting finance companies instead.
A case in point is Iris Imane Hepiegne, a former analyst in Barclays’ telecoms and media group. After two years at Barclays, Hepiegne just joined The Raine Group in London.
The Raine Group is a boutique merchant bank that focuses on the technology, media and telecoms industry, but has close links with Hollywood and movie companies. For example, last year it invested $100m in Imagine Entertainment and also arranged a joined venture between Warner Bros. and China Media Capital and Universal Pictures. More recently, it’s been linked with buying a stake in music streaming service Soundcloud.
The firm is associated with some sexy deals, but its London operation is a satellite office that only opened earlier this year in Marylebone. Jason Schretter, who joined the firm in 2010, was promoted to partner and moved to the UK to lead the new office. He's running it alongside Fred Davis, who is splitting his time between the U.S. and UK.
So far, Schretter is supported by a small team of juniors, including Hepiegne, and the bank has yet to receive authorisation from the Financial Conduct Authority. In other words, it’s an exciting time to join an established firm that’s expanding into new territory.
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