As Goldman moves from Marcus to now its SMB lending product, the investment bank has hired engineers, product developers, and marketing specialists from Bond Street who is shuttering its doors.
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Goldman nabs Bond Street group former employees
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Goldman has looked outside for new talent, tapping a marketing chief from underwear brand Jockey International, a former Leo Burnett advertising executive to develop online content, and personal bankers from Wells Fargo & Co. Bond Street’s loans have performed well enough that it was able to raise a $300 million line of credit from investment-bank Jefferies Group LLC in February. Its automated underwriting process includes traditional inputs such as entrepreneurs’ personal credit score s and their businesses’ financial statements, but it also pulls in data from social networks and other sources used to fight fraud.
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