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All We Need is One Financial Services Employee With A Killer Duck Confit Recipe And We’ve Got Ourselves A Trend

An ex-Pimco guy is doing croque monsieurs. A BNP risk manager is about to leave for crepes. What will you contribute? If Boeuf Bourguignon is out of your comfort zone, tear up some pieces of a baguette and smear some chocolate on them and call it a day.

Cohen, a risk manager for BNP Paribas SA in New York, is leaving France’s largest bank next week to start a crepe business. The 34-year-old said he’s opening Crepes & Delices within the month to bring French flavors and quick service to Manhattan’s Upper West Side. “I was very happy at BNP, but I wanted to do something different and I wasn’t as excited as I used to be working in finance,” said Cohen, a French native who previously traded derivatives and mortgage debt during eight years at the bank. “I didn’t go to a culinary school but I did a two-week-long training program in France to learn to make crepes.”

Cohen is the second French bond executive in the U.S. to quit finance and pursue cooking dreams in the last month. Jeremie Banet left Newport Beach, California-based Pacific Investment Management Co. to start a food-truck business selling croque monsieurs, or ham-and-cheese sandwiches, in Los Angeles and Orange County. Cohen said he devoured the French staple during economic undergraduate studies in Paris. In February he went to Brittany, France, to hone his skills making the thin pancakes, which are filled with sweets, such as chocolate spreads, or savory ingredients, like cheese and meat. He’s found co-investors for the restaurant from New York and France and plans to expand to beyond Manhattan.

BNP Paribas Manager Exits Wall Street for New York Creperie [Bloomberg via Lauren LaCapra]

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26 Responses to “All We Need is One Financial Services Employee With A Killer Duck Confit Recipe And We’ve Got Ourselves A Trend”

  1. low fruit quant says:

    BNP cooks really tasty books….

  2. 80's Lover says:

    how retro.

  3. YOLO says:

    That's it. I'm quitting stock loan to start a Welsh rarebit cart on 5th and 54th.

  4. Barefoot Contestant says:

    My Jefferies colleague left to set up a PB&J shack that features Fluffenutter, Nutella and Lotus Biscuit Spread.

    • Debbie Downer says:

      A lot of people are going to be working some sort of fryolator wondering how the hell they got there. The blood is going to continue to flow

  5. Quant me maybe... says:

    Only in France:

    2 weeks of crepe training > mba + cfa

    >follow your dreams, bud.

  6. Guest says:

    Clearly the guy doesn't know how to manage his personal risk. Crepes? How passe.

  7. Out of options quant says:

    Im just going to drive a handsome cab. Wait what, he did WHAT??? Guess it will be handys on 7th avenue

  8. Semper Gumby says:

    Nice try fella. The Mandlebaums made their fortune in crepes 50 years ago.

    -Izzy Mandlebaum

  9. goldmember says:

    crepe and a pipe?

    plays well in boulder, amsterdam, soon to be seattle.

  10. crepe me home tight says:

    Im sure this was part of his severance package. Keep your mouth shut cohen and we let you make da chocolate pancakes yes??

  11. Guest says:

    “I didn’t go to get a degree in anything that would help me manage risk but I did a two-week-long training program in Wilton to learn how to manage risk.”

    – former AIG FP Head of Risk

  12. Guest says:

    It sounds dumb but Iran has a surging demand for pancakes.

  13. Mitch says:

    Dumbest part is that he's opening up a crepe place on 72nd between Columbus and Broadway, which is within a few blocks of an existing crepe place.

  14. George Michael Bluth says:

    My dad has already hooked me up with a frozen banana stand. I am expanding into Iran, Sudan and North Korea by years end

  15. Jean Girard says:

    I will let you go, Ricky. But first, I want you to say…"I… love… crepes."

  16. Canole Quant, BNP says:

    I'm going to open up a canole shop across the street and put this stupid FROG out of business. Afterwards, I'll expand the empire to Sudan and Iran…