(Bloomberg) — Financial technology investment banker David Goldstein is leaving Credit Suisse Group AG for Jefferies Financial Group Inc., according to people familiar with the matter.
He will join Jefferies as a vice chairman and fintech banker, said one of the people, all of whom asked to not be identified because the matter isn’t public. His departure comes as Credit Suisse doles out retention packages to hold onto talent amid management changes and a string of quarterly losses.
Representatives for Credit Suisse and Jefferies declined to comment.
Financial technology bankers have been in high demand amid steady M&A activity among payments companies, financial data providers and market structure players. Jefferies has also been in hiring mode, recently hiring a banker from Moelis & Co. to build out its presence in Dallas, Bloomberg News reported last week.
Goldstein joined Credit Suisse in 2005 and worked at Citigroup Inc. before that, according to Financial industry Regulatory Authority data. He’s worked on transactions for companies including WageWorks Inc., TDCX Inc. and International Money Express Inc., securities filings show.
Read more: Credit Suisse Offers Retention Pay to Stem Tide of Defections
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