After six years at Morgan Stanley, I am resigning and will start working for Deutsche Bank on August 9. As such, my Morgan Stanley email will stop working as of August 8, so best to email me at renfield at gmail dot com.
Six years at Morgan I learned plenty, had lots of fun, and worked on some cool projects. Career-wise, I've been trying to move out of the IT department and get more onto the business side, but I just couldn't make it happen and the offer from Deutsche was too good to pass up.
As my dad says: "In life, timing is everything." The corrolary is: "Timing is never good." So I hope to not be leaving too many folks/projects in the lurch, but when it's time, it's time.
At Deutsche I will be Head of Video Distribution in the equities/equity research department. Then again everyone is a 'head' of something at Deutsche, so don't put too much on that. I think I'll first be responsible for trying to cut costs and increase efficiency of research product distribution, mainly through video and other technologies. From there the role is pretty open-ended; going to be a fair amount of brain-storming, business development, 'I wonder if this will work?', new technologies research, and general playing around and goofing off.
The way Wall Street is going, the role of research as a critical service offering to clients is unsure, and because of regulations, the role of research in bringing in new banking and transaction business is also limited. The fact that everything's up for grabs is what's cool, methinks. This could be a foot into the front office (sales?), a buy-side job, maybe even back to IT...who knows?
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Why?
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