Chris Churchman is on gardening leave. Bloomberg reported in late March that Churchman was leaving UBS after six years to join Goldman Sachs. Churchman, who only officially left UBS on July 7 according to his FINRA listing, has just updated his LinkedIn profile to reflect his impending new role.
After serving as Head of FX Trading for the Americas and Global Head of FX Options Trading at UBS, Churchman takes on a different kind of role at Goldman Sachs. He joined the firm as a partner in charge of Marquee, the flagship product of Goldman’s “platform”. Described by CFO Stephen Scherr as a “digital storefront where our institutional and corporate clients consume GS content, risk analysis, pricing data and ultimately engage with us to negotiate, ”Marquee has at least 50,000 users per month and is available as an API covering an increasingly wide range of products.
Since Marquee has a “developer-driven culture” and comes from engineers, choosing a non-technologist as a leader can be seen as unusual. – Marquee’s original chef was James Blackham, a former head of digital structuring who now heads an insurance fintech. Another head of Marquee EMEA was John Lynch, former CEO of title strata at Goldman in London, who is now a quantitative researcher at Susquehanna in Dublin.
However, Churchman fits the mold. Like his predecessors, he is a mathematician. He and Blackam both graduated in STEM from the University of Oxford, but Churchman – who earned a first in mechanical engineering – took it a step further and also studied a doctorate in mechanics there. He seems to be almost 30 years old. Not so long ago, he was a simple director of derivatives trading at Deutsche Bank.
In the March memo announcing Churchman’s appointment, Goldman’s co-heads of markets, Ashok Varadhan and Marc Nachmann, said he would report to them but would partner with George Lee and Marco Argenti, the co-leaders of Goldman. -directors of information of the company. He will also work closely with Anne Marie Darling, Marquee Sales Manager.
Marquee has been a major investment area at GS in recent years. Before the pandemic hit last year, Goldman said he wanted to hire 350 people for Marquee and Atlas, its high-speed equity trading platform. At present, he has opened around 30 Marquee-focused roles, located all over Birmingham and Bangalore in New York, Warsaw and London. Marquee is a “highly visible and prestigious project to get involved in,” Goldman says in his job postings, adding that he wants to hire “engineers at all levels who enjoy working in a customer-centric and agile environment. On “low latency, scalable and resilient solutions.” As at Morgan Stanley, where the technology is managed by a former fixed income seller Rob rooney, Marquee engineers should also be happy to report to someone with a the reception Context.
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