Driss Ben-Brahim

Driss Ben-Brahim

Driss Ben-Brahim (born 1966) is a Moroccan-Austrian proprietary trader, employed by London-based GLG Partners, since 2008.[1][2]

Contents

Career

Ben-Brahim was educated at the École centrale Paris and INSEAD. He worked at the European Bank for Reconstruction and Development.[3]

He was a former partner and head of Goldman Sachs trading, based in London, England. He was the "toast of the City of London" in 2003 when he received what was then the largest bonus in the City's history — £30M.[4][5]

In 2006, he was reported to have been paid a record £50m bonus as the head of the proprietary trading desk at Goldman Sachs in London.[6] It is reported to be the largest ever bonus in the city, and one newspaper, London Lite, commented that this is 2,000 times more than the average UK wage. However, Goldman Sachs denied the amount of the bonus.[7][8]

In 2009, at an investor meeting, he said that bank shares had value only as options: “The governments are just filling a hole in the ground by putting money into banks.” [9]

Family

He is married to Heli, who is a trustee of the Popli Khalatbari Charitable Foundation, which supports social projects in Iran. They have three children.[10]

References

  1. ^ https://www.glgpartners.com/investor_relations/show_press_release/1172102
  2. ^ http://moneyistheway.blogspot.com/2008/07/driss-ben-brahim-glg-partners.html
  3. ^ http://www.bloomberg.com/apps/news?pid=20601102&sid=aw3vz1KMyt88&refer=uk
  4. ^ "City trader's £30m record bonus", BBC News, 18 January, 2004
  5. ^ "City trader sets record by netting £30m bonus", The Sunday Times, Robert Winnett, January 18, 2004
  6. ^ "Dominic Lawson: You don't have to make lots of money in the City to be despised, but it helps", The Independent, 22 December 2006
  7. ^ "A happy Christmas for the city's £50m man", Mail on Sunday, Colin Fernandez, David Williams, 14 December 2006
  8. ^ "Guardian article on Ben-Brahim Bonus in 2006", The Guardian, Jill Treanor, David Teather, 14 December 2006
  9. ^ "GLG star says governments just ‘filling hole’", Financial Times, James Mackintosh, March 11 2009
  10. ^ http://wallstfolly.typepad.com/wallstfolly/2006/12/more_on_goldman.html

External links


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