Ex-Wall St bigwigs pouring their money into fintech firms
They are part of a wave of investors who sank US$17.8b into the industry in the first 9 months of 2015
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New York
FINANCE is where they built their careers. Now some of banking's former stars are pouring millions of dollars - and in some cases staking their careers - into new technologies that are shaking up everything from lending to payments to investing.
The list of investors is practically a Wall Street who's who: Vikram Pandit, former chairman and chief executive of Citigroup; John J Mack, a former chief executive of Morgan Stanley and Credit Suisse First Boston; Jon Winkelried, former president of Goldman Sachs; and J Christopher Flowers, a former Goldman Partner. From the payments industry, Hans Morris and Joseph W Saunders, both former chief executives of Visa, are among the prominent names.
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