Discover your dream Career
For Recruiters

Barclays, Morgan Stanley lose risk MDs to HSBC, TD Securities

2023 may not be a bumper year for banks, but that doesn’t mean that banks aren’t on the look out for good risk managers to keep them out of (general) trouble.

Frank Baldi is one of them. Baldi was with Barclays for just shy of 15 years and was part of the bank’s Managing Director (MD) class in 2014. Most recently, he was global head of financial institutions & emerging markets wholesale credit risk. He joined TD Securities, part of Toronto-Dominion Bank, last week to be its head of global counterparty credit, based in New York.

Shobhit Thapar is another. A Morgan Stanley veteran of 15 years, Thapar was an executive director and head of traded credit and securitized products market risk, as well as head of market risk for MSCO, the bank’s US broker dealer. He joined HSBC’s traded risk team the other week, taking a promotion to MD in the process. Thapar is also an adjunct professor at the Stevens Institute of Technology, and also based in New York.

The title of “risk management professionals” might not get people turning their heads or biting their lip like “investment banker” or “trader”, but everyone grows up and eventually realizes that work-life balance is more important than corporate bragging rights. Our salary & bonus survey showed that risk professionals have some of the best pay-per-hour in investment banking, beating out localized rivals in finance, compliance, and operations. Three cheers for balance.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORZeno Toulon

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Carisbrook Partners
G10 STIR FX Trader
Carisbrook Partners
London, United Kingdom
Hunter Bond
FX Sales VP
Hunter Bond
London, United Kingdom
Anson McCade
Portfolio Manager - London/NY/Fully Remote
Anson McCade
London, United Kingdom
Deutsche Bank
Trader - Vice President
Deutsche Bank
New York, United States
Operations Project Manager
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.