Steven Fulop, a vice president in equity trading at Sanford C Bernstein, has become the latest banker to swap Wall Street for politics after stepping down to run for mayor of Jersey City.

Thirty-five-year-old Fulop is leaving Wall Street for a second time, having stepped down from his associate role at Goldman Sachs days after the September 2001 terrorist attacks in New York to enlist with the US Marine Corps Reserves.