Artful Dodgers: Bankers Who Landed New Gigs

As co-head of Goldman Sachs' Securities division, Montag sent an email that called one of Goldman’s financial products “shitty.” He has left the firm and is now president of global banking and markets at Bank of America.
Morgan Stanley's ex-managing director, who's said to have lost the firm $9 billion because of mortgage bets, is now advising mortgage lenders with his Loan Value Group.

60 Minutes

Former Morgan Stanley co-president Zoe Cruz, nicknamed Cruz Missile, left the firm to start her own hedge fund, Voras Capital.
The ex-Morgan Stanley co-president advised the U.S. government on the AIG, Fannie and Freddie bailouts, but is now on Bank of America's board of directors.
“No, I’m at peace with that,” said the former Bear Stearns CEO about his performance at the collapsed firm. “It’s time to move on." He's since been named executive vice president at Guggenheim Partners.

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Bear Stearns' former chairman of the executive committee once called Jimmy Cayne “unapologetically crude and bullying.” He now serves as vice chairman emeritus at JPMorgan, the firm that bought Bear.

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The disgraced former Lehman Brothers CEO, nicknamed The Gorilla, started Matrix Advisers to do “executive strategic consulting.” He has also registered with another firm, Legend Securities.

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The former Lehman vice chairman Tom Russo wrote a book blaming the financial crisis on the government and over-levered homeowners. He's now AIG’s general counsel.

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Former Lehman president and Chief Operating Officer Bart McDade III was effectively running the firm by its end. He has since started River Birch Capital with three Lehman veterans. They've partnered with Roger Altman’s investment bank Evercore.

The Telegraph

The former Merrill CEO, who spent $1.22 million renovating his office, is now chief of CIT, the troubled commercial lender.

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The former Merrill Lynch president got Thain to accept the a merger between Merrill and Bank of America. Now he's president of Morgan Stanley Investment Management.
As CEO of AIG, Sullivan called his firm’s mortgage exposure “manageable.” Now he's deputy chairman at insurer Willis Group.

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Another former CEO of AIG, Willumstad said “They blinked!” when he learned about the government bailout of his firm. He's now a partner at his private equity firm, Brysam Global Partners.


Liddy took over the firm after AIG's bailout, then defended a luxury retreat for executives the following month. He's now a partner at private equity firm Clayton, Dubilier & Rice.

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“As long as the music is playing, you’ve got to get up and dance,” the former Citigroup CEO said in 2007. Prince is now senior counselor at global strategy firm Albright Stonebridge.

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Citi's former senior adviser was paid $126 million for 8 years, but had no main responsibility for what happened to the firm, he says. He's now a counselor at investment bank Centerview Partners.

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The former chief financial officer for Citigroup feuded openly with current CEO Vikram Pandit. After being demoted, then fired, Krawcheck is now Bank of America’s president of global wealth and investment management.


Mr. Kashkari, a former Goldman banker, became the government's bailout chieftan. He is now managing director and head of new investment initiatives at PIMCO.

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The Treasury Department's former assistant secretary for public affairs is now a partner at the PR firm Brunswick Group.

Steel was a vice chairman at Goldman Sachs before serving as undersecretary for domestic finance from 2006 to 2008. He has since done a stint as CEO of Wachovia, and is now New York City's Deputy Mayor for Economic Development.





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