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Goldman’s dogecoin millionaire reveals crypto loophole for City traders

Many financial firms have policies about personal accounts, or PAs, backed up and pored over by compliance teams

'I don't think he would have quit if it were Goldman money,' said one former colleague
'I don't think he would have quit if it were Goldman money,' said one former colleague Photo: Getty Images

A report about a Goldman Sachs managing director who left the bank after winning big on dogecoin has ignited chats among bank and hedge fund trading floors about what can and can’t be traded on a banker’s personal account. And about whether they should pile in, too.

Aziz McMahon, a London managing director in emerging market sales, quit Goldman after raking in millions from dogecoin, and may start his own fund, eFinancialCareers reported.

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