Account closed: who has left banking?

Facing intense regulatory oversight, senior bankers are increasingly heading for the corporate world, with some taking their skills and contacts to fintech firms.

Account closed: who has left banking?

Demoralised investment bankers are quitting the industry in droves and making the leap into the corporate sector, particularly the booming fintech space.

For many, the sheen has come off their banking careers since the 2008 global financial crisis knocked public confidence and led to regulatory pressure that shrank executive pay and bonuses.

Citi veteran Duncan Phillips is the latest to make the leap, joining fintech start-up Ipreo. Such companies are tapping...

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