Point72 makes big technological recruitments – in Warsaw
The Point72 hedge fund is hiring technologists, but if you were hoping for a development job at the fund that was previously Steve Cohen’s family office in Stamford, Connecticut, you might not look. Most of Point72’s current technology hires are for its new office in Warsaw, Poland.
Point72 said last year that it was opening a new tech hub in Warsaw and that it plans to recruit 150 people working in finance, technology and operations by the end of 2021. Some of these hires have already been made. Others are in progress: out of 42 global technological jobs announced by Point72 currently, 30 are in Warsaw; 11 are in New York or Stamford; one is in Hong Kong or Singapore.
New roles include opportunities for everything from an ‘extraordinarily brilliant’ .Net developer working on macro trading systems (Point72’s system is primarily .net / C #), to a software engineering manager for create an enterprise-level data platform, or an engineer to work on compliance technology.
In a blog post this week, the Polish bureau chief and Global Strategy Director for Point72, Rafael Lopez-Espinosa, said that Warsaw as a city attracts talent from its region and beyond. “We were looking for a city with a talented, highly skilled workforce and great culture,” said Lopez-Esinosa. “Through several selection rounds, Warsaw has always stood out.”
Although banks like Goldman Sachs, Citi and UBS already have offices in Warsaw, Lopez-Esinosa said Point72 is the first hedge fund to actively recruit in the city. “Being the first in the market allows us to create a dialogue with this talent pool,” he added, noting that 60 of the 150 planned hires have already been made – including Maciej Wolanski who has just joined the management of Poland technology. Wolanski was from UBS, where he was head of technology for Poland, suggesting Point72 is shaking up the local hiring market. Other new tech hires like Sebastian Gulinski and Maciej Chotkowski, both of Citi in Warsaw, seem to confirm this.
Ultimately, while Point72 isn’t just hiring developers from established rivals, it’s going to dig into local universities as well. As we reported a few years ago, institutions like Warsaw University of Technology have long been a good bet for students interested in technology careers in banking. Now, they seem like a good idea for college students who are also looking for tech jobs in hedge funds.
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