Wednesday, February 18, 2009

Meredith Whitney Leaves Oppenheimer To Start Own Firm

The dominatrix of doom who singlehandedly brought down Citi (with a little help from Vikram), has decided to call it quits at Oppenheimer and is starting Meredith Whitney Advisory, an "Investment Bank for the New Age". No news yet if husband John Layfield will be Head Of Compliance, or if Dick Bove will quit Rochdale after one day of employment, to start the under the dominatrix. However, one may ask, now that there are no financial firms left anymore, who will Meredith focus on? Spreading doom and gloom has lost its novelty so the business model may have to be adjusted.

To: DL - Opco Alert
Subject: Meredith Whitney
Sent: Feb 18, 2009 2:21 PM
It is with great regret that we announce that our long time partner Meredith Whitney is resigning to found her own independent advisory business. Meredith joined Oppenheimer & Co. Inc. in 1993 as a research associate covering the Oil and Gas Industry. By 1995, she had switched industries, joining our Institutional Investor ranked Specialty Finance Group. During her tenure at the firm from 1995-1998, she helped write research reports on the fall of Glass-Steagall, the emerging boom of the credit card industry, the perils of sub-prime finance and gain on sale accounting, and the securitization market, to name but a few. In 1998, Meredith left the firm to pursue other opportunities which included a tour of duty as the Head of Financial Institutions Research at Wachovia. (hat tip Dealbreaker) Sphere: Related Content
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Peatey said...

it sounds to me like gubmint is currently in the market for financial analysis of troubled banks. good resume and bear-cred for stress testing seems like a good package.