Former Equity Derivatives Trader Is Washing The Stench Of Wall Street Off His Soul On The Poker Circuit

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Disruption on Wall Street, resulting in image problems for the industry, smaller bonuses and less lavish perks, are spurring other midcareer bankers to similarly reassess their careers. After a lifetime of targeted choices—attending top-tier schools and pursuing competitive internships in hopes of winning high-paying finance jobs—some bankers are bailing out with no Plan B. Their only certainty, according to interviews The Wall Street Journal conducted with a dozen midcareer bankers, is that they no longer want to stay in banking...Andy Frankenberger left the industry in 2009 after 14 years as an equity-derivatives trader. "I wanted to grow more as a person," he says. A recreational poker player, the 39-year-old began playing tournaments in 2010 and has since raked in $2.5 million in winnings. Still, Mr. Frankenberger says he wouldn't rule out someday returning to banking or even starting his own hedge fund. "A lifetime is a long time, right?" he says. [WSJ]

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