Bobby Marcoux, an executive director at JPMorgan, has quit the U.S. bank for WeWork, the New York-based co-working space provider. Marcoux joined WeWork last month as the senior director of capital markets in its New York office. In this new role, he will be responsible for identifying, structuring and implementing global unsecured, secured and asset-backed capital markets finance solutions for the $47-billion company. An MBA from Carnegie Mellon University, Marcoux joined JPMorgan in 2012 as an associate. He became a vice-president in the syndicated and leveraged finance unit three and a half years later and was then promoted to an executive director just two months before leaving the bank for one of the world's largest startups. Marcoux isn't the only ex-banker to join WeWork. Last month the work space provider also hired João P. de Saldanha, an associate from Credit Suisse. Other ex-banking employees include Azam Mahmood, a former analyst in alternative investments, who joined from Goldman Sachs 15 months ago. Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram 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.)
WeWork has poached Bobby Marcoux from New York, where he was an executive director of the bank's capital markets division in JPMorgan. In his new role, Marcoux will be responsible for identifying and creating global asset-backed capital market deals for the company. He's the latest in a string of Wall Street alumni to defect to the start-up following former Credit Suisse banker Joao P de Saldanha and Azam Mohmood, who worked for Goldman Sachs.