brianpeganoff.JPGI don’t have to tell you that things on Wall Street have been prettay prettay prettay bad of late. You financial services hacks of the world are delicate flowers and right now, your ecosystem is being is being disrupted. You’re on edge and most of the time, at any given moment, you could easily see yourself going circus freak crazy on someone and maybe like killing a man in cold blood or something. Unfortunately this sort of behavior is still for the most part frowned upon at most firms on Wall Street (obviously you’ve got your exceptions- MWhitney Associates, DoubleLine, etc). You could go to some gym and do a little sparring in the ring but what you really want is a place where people will understand. Where they’ll get what you’re about. Enter: The Dungeon.

A black eye or row of stitches may grace John Cholish’s face when he meets with wealth-management clients at Merrill Lynch & Co. Those injuries occur after Cholish, 26, leaves his midtown Manhattan office and heads for the gym. Cholish and his roommate, Erik Owings, also a professional fighter, converted the top level of their duplex apartment on the Upper East Side into a gym, where Byrne sometimes brings Wall Street colleagues to work out.
“It’s the dungeon of pain,” said Brian Peganoff, an assistant vice president in corporate cash management at Deutsche Bank. Peganoff, 27, learned tae kwon do as a child and started boxing as a workout while attending Pennsylvania State University in University Park. He began jiu-jitsu about two years ago.

Ramon Bauza, 44, head of foreign exchange debt capital market sales at Deutsche Bank in New York, was a wrestler at Boston College and trains with Byrne and Cholish. The finance industry is an aggressive culture that leads toward physically challenging sports, Bauza said.
“It’s a recession,” said Max McGarr. “Some days, fighting is the only thing holding them together.”

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Comments (57)

  1. Posted by guest | February 3, 2010 at 11:43 AM

    sounds like some jeff gundlach shit

  2. Posted by guest | February 3, 2010 at 11:45 AM

    My mama used to say, if you can’t say sumpin non-homophobic, don’t say nuthin at all. I must remain silent.

  3. Posted by guest | February 3, 2010 at 11:46 AM

    I prefer to do my boxing in spin class
    –S. Sugarman

  4. Posted by guest | February 3, 2010 at 11:47 AM

    Black eyes and stitches? Haven’t these fucking morons heard of headgear?

  5. Posted by guest | February 3, 2010 at 11:50 AM

    Pussies. Real men use a couple of Crayola markers and some anus to blow off steam.
    -Ping

  6. Posted by guest | February 3, 2010 at 11:50 AM

    gayyyyyyyyy

  7. Posted by guest | February 3, 2010 at 11:52 AM

    Good job starting the post with a Curb reference

  8. Posted by guest | February 3, 2010 at 11:52 AM

    you go girls!

  9. Posted by guest | February 3, 2010 at 11:54 AM

    I heard chicks dig scars.
    Bess, confirm or deny.
    - Goomba

  10. Posted by guest | February 3, 2010 at 11:54 AM

    The pic of the Bloomberg author offers great clarity into the incentive behind the column.

  11. Posted by guest | February 3, 2010 at 11:57 AM

    7/10 i heard unfunny idiots repeat their boring comments, confirm or deny

  12. Posted by guest | February 3, 2010 at 11:59 AM

    @11 are you talking about the pic on the bberg article? b/c that’s of one of the subjects, not he author. idiot.

  13. Posted by guest | February 3, 2010 at 11:59 AM

    I just hate when they compare it to being a financial advisor. Advising some housewife what to do with her 100 shares of AIG isnt the same as getting your brains beaten in. These guys are also a bit too chummy……

  14. Posted by guest | February 3, 2010 at 12:01 PM

    ‘you swim you row you boat you eat you stink…you can have sex you know many guys at a time but it’s not gay’ tag ftw

  15. Posted by guest | February 3, 2010 at 12:05 PM

    I AM THERE!!!!!!!!!!!
    -andrea tong

  16. Posted by guest | February 3, 2010 at 12:07 PM

    Or you could go to Alliance or Renzo’s. Tough choices–train under Marcelo Garcia, Jon Danaher or some ML financial advisor…

  17. Posted by guest | February 3, 2010 at 12:10 PM

    @17 do they let you have gay sex (not that there’s anything wrong with that) in the ring at renzo’s? cause that’s what I’m looking for and I know I can get it at this dude’s apt on the UES.

  18. Posted by guest | February 3, 2010 at 12:10 PM

    @ 13 find author’s pic; the featured subject pics are totally gay.. but sounds like that’s right up your alley

  19. Posted by guest | February 3, 2010 at 12:13 PM

    I knew this would catch on.
    ~”Tyler” from you-know-where.

  20. Posted by guest | February 3, 2010 at 12:14 PM

    It stinks like muscle milk and anal sweat in here.
    -Biff Swasness

  21. Posted by guest | February 3, 2010 at 12:17 PM

    LOL at the Silverman spin class comment. The memory on you!

  22. Posted by guest | February 3, 2010 at 12:18 PM

    The dungeon = losers swallow what Cholish gives em to swallow.

  23. Posted by guest | February 3, 2010 at 12:20 PM

    Exactly what type of “financial advice” does a 26 year old give?

  24. Posted by guest | February 3, 2010 at 12:22 PM

    his facebook picture is a worth 100 comments

  25. Posted by guest | February 3, 2010 at 12:22 PM

    @2…..Thanks for the Thumper reference from Bambi !!
    Does the wifebeater come with the “German eagle” screen printed on the front?? Shades of 1933!!

  26. Posted by guest | February 3, 2010 at 12:22 PM

    “Some days, fighting is the only thing holding them together.”
    My parents, same story.

  27. Posted by guest | February 3, 2010 at 12:29 PM

    Subliminally trying to be DeNiro? Or reaching deep within oneself to find the internal cadence of a beating only this time it’s not his “meat”? Will we ever know? Reflect, now, if you will, on this scene:

    “He has moments of sweetness—but not too sweet. After a fight, he tells her, “Touch my boo-boos.” (Seconds later, it’s “take off your panties,” and then De Niro pours ice-water on his dick.)”
    —-
    ~J, Lipton
    The Traders Studio

  28. Posted by guest | February 3, 2010 at 12:35 PM

    back in my day, going to the second floor of someone’s duplex to get sweaty and beat on another guy was called visiting a bath house

  29. Posted by guest | February 3, 2010 at 12:48 PM

    But this kind of lore will scare the auditors so DB’s VaR will have to be tightened.

  30. Posted by guest | February 3, 2010 at 12:52 PM

    blowing off steam/blowing a guy off, same diff/no diff

  31. Posted by guest | February 3, 2010 at 12:59 PM

    the dungeon = a room at 72 cummings pt road where you go in but you don’t ever come out.

  32. Posted by guest | February 3, 2010 at 1:04 PM

    @34 you shut your mouth when I’m talking to you.
    -SC

  33. Posted by guest | February 3, 2010 at 1:07 PM

    First rule of the dungeon…..You do not talk about the dungeon

  34. Posted by guest | February 3, 2010 at 1:09 PM

    I train wit deez guys at my gym. I like to roll wit dem at Renzo’s…

  35. Posted by guest | February 3, 2010 at 1:13 PM

    Random thoughts…
    -You think these guys got written permission from their landlord/condo board/co-op board to turn part of their apartment into a gymnasium?
    -Isn’t Penn State University in State College, PA? Where is University Park?
    -Would anyone really take financial advice from a 26 year old who has recently been severly beaten about the head?
    -Does “Assistant Vice President, Corporate Cash Management, Deutsche Bank” = clerk, operations, Alex Brown money market sales?

  36. Posted by guest | February 3, 2010 at 1:25 PM

    1st rule of finance fight club is that you do not talk about finance fight club

  37. Posted by Anal_yst | February 3, 2010 at 1:32 PM
  38. Posted by guest | February 3, 2010 at 1:44 PM

    @38 Penn State is technically located in State College, but the campus itself is called University Park. Similar in many ways to the Vatican being within Rome. /Nittany Lion

  39. Posted by Anal_yst | February 3, 2010 at 1:45 PM

    er I meant that to @38, bullet #2, d’oh
    UP = “town”/zip of college, SC = surrounding town. Pretty sure its a common thing (e.g. UMD, etc), no?

  40. Posted by guest | February 3, 2010 at 1:52 PM
  41. Posted by guest | February 3, 2010 at 2:03 PM

    @43 talk about an o face.

  42. Posted by guest | February 3, 2010 at 2:14 PM

    @42/Anal_yst- OK that makes more sense.
    Still got to wonder what his building thinks about private boxing gyms…
    -@38

  43. Posted by guest | February 3, 2010 at 2:27 PM

    Hey Nittany Lion at 230 PM go get me a coffee, one sugar.
    Not Penn State ’92

  44. Posted by Anal_yst | February 3, 2010 at 2:42 PM

    @45
    Agreed, but “private gym” could easily read “we mounted a punching bag, bought a weight bench and sometimes friends come over to work out.”

  45. Posted by guest | February 3, 2010 at 3:11 PM

    @46: Mike Leach?

  46. Posted by guest | February 3, 2010 at 3:21 PM

    @41 why don’t you, and every other PSU grad get over yourselves. University Park the Vatican? “Happy Valley”, Rome? I assume the next leap of intellectualism will be that Joe Paterno is the Pope.

  47. Posted by guest | February 3, 2010 at 3:55 PM

    Fucking land-grant colleges.

  48. Posted by Chest Rockwell | February 3, 2010 at 4:36 PM

    You all are weak and worthless. What’s wrong with a strong man roll every now and again. Man up you phobes.

  49. Posted by guest | February 3, 2010 at 4:41 PM

    @51 I have nothing wrong with gay guys, it’s just amusing when ppl trying to pass off the above for “tension release.”

  50. Posted by guest | February 3, 2010 at 8:06 PM

    He either just stuck a dildo up his ass or he’s puckering up for some man tongue.

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