JPMorgan rescued a London equity salesman fired from a fintech

Stuart Holt is back. Just three months after leaving fintech Clear Street, which Financial News reported let him go over the summer, Holt has joined JPMorgan's equity sales team. 

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We didn't speak to Holt for this article, but his arrival at JPMorgan looks like a comeback after an awkward period in his career. Clear Street grew its London presence substantially in 2024, and started 2025 with further hiring. But it changed its mind about UK recruitment over the summer, and cut around 10% of its staff in the City. Holt's nine-month tenure is neither atypical or unique.

Holt has pedigree. Before his ill-fated time at Clear Street, he spent seven years at German boutique bank Berenberg as head of pan-European sales, and three years as a director in equity sales at Bank of America Merrill Lynch.

For what it's worth, for all of Clear Street’s mission to “modernize the brokerage ecosystem”, the place to do that might actually be JPMorgan. According to the bank’s latest investor day, it’s consistently been the largest or second largest equities house in the world since 2019, with market share of around 12.5% in recent years.

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