The 75 year-old ex-Goldman Sachs MD still working 18 hour days
Aged 75, and after a 50 year career in banking you might think a former Goldman Sachs executive would watching birds like Hank Paulson, or hanging out on yachts with Oprah Winfrey like Lloyd Blankfein. Anthony Moore never rose to the executive suite at Goldman, but he was a managing director (MD), and he is still working. - Sometimes as long as a 23 year-old.
"I put in just as many hours as I ever did," says Moore. "Some of my days are 18 hours long....I still get up and read emails at 3am."
It's actually been a while since Moore was at Goldman Sachs. He left in 1991, annoyed at not being made partner after an eight year career at the firm that spanned Hong Kong, Tokyo and London, and blaming politics for his lack of promotion. "I threw my toys out the pram," says Moore, claiming that someone else took his "spot" because his new American boss didn't support him in the cross-ruffing process. Although Moore says multiple partners asked him to stay, he quit for what was then Bankers Trust International. He subsequently worked for Barclays and for an assortment of boutiques before founding his own boutique - Evrensel Capital Partners, in October last year. It's Evrensel that now takes up his time.
"When you are an entrepreneur or have a new business you can’t tune out," says Moore, who says he's leveraging his "unbelievable rolodex" and working with 30 banking colleagues globally in both an advisory and financing capacity. "If you're on the purely investment banking advisory side of the business, it's very possible to have a long career," he says. "Over time you build a tremendous network of people and with age comes respect in many parts of the world - for example, I can deal with the Chinese far more easily than a 40 year-old."
Moore says staying in banking for decades and decades (and decades) also makes the role more rewarding. "The older you get, and the longer you've been in it, the more enjoyable it becomes. You're no longer under pressure to become a partner, you're not politicking to get a big bonus, you're not trying to squeeze revenues for P&L at the end of the year. You can relax and dispense advice openly that makes sense - you can frank with people without fearing that someone's going to complain that you upset their client. There is every reason to have a long banking career."
Moore has made some concessions to age, though. When he was at Goldman in the 1980s he says he was out entertaining clients five nights a week at the likes of Annabels or the opera ("I was at Glyndebourne twice a week in the season, and I spent a lot of weekends shooting and stalking in Scotland"). These days, he lives in Turkey with his second wife and two young children and is around far more often. "My eldest daughter is 40 and I didn't see her much when she was growing up," he says. "But these ones [referring to his new children), I see all the time! It's a different life in that respect. I'm very lucky, but I still work very hard."
Have a confidential story, tip, or comment you’d like to share? Contact: email@example.com in the first instance. Whatsapp/Signal/Telegram also available.
Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)