Remember when we said that Goldman Sachs was interviewing heavily for sales roles in its Paris office as it prepares for Brexit? It's made a Parisian hire.
Goldman recruited Guillaume Paulhac for its Paris-based equity derivatives sales team. Paulhac previously spent nine months as a consultant with Roland Berger in Paris. Before that, he spent over five and a half years in equity derivative sales with UBS in London.
Paulhac's arrival at GS comes after headhunters and market insiders said Goldman was conducting exhaustive interviews of native French speakers working in flow equity derivatives sales in apparent preparation for making hires in Paris. Goldman didn't respond to a request to comment on the alleged interviews when we asked for feedback last week. Goldman Sachs already has an established structured equity derivatives sales team in Paris, but headhunters predict Paulhac will be the first of several new flow-related recruits in 2018.
Post-Brexit Goldman plans to have hubs in both Paris and Frankfurt. Sales jobs in particular are likely to move out of London as it will be difficult for UK-based banks to cover European clients once existing passporting arrangements are negated.
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