Wall Street’s “meme king” behind the social media account Litquidity (famous for airing young Goldman Sachs bankers’ complaints about 100-hour work weeks during the pandemic) is a 32-year-old former Deutsche Bank employee. It turned out that he was an investment banker.
Miami-born Henry “Hank” Medina described himself as an “observer” in an office full of “loud voices” against the government. financial times, was the first outlet to report on the person behind the @Liquidity account. Between Instagram and X, there are a total of approximately 2.2 million followers.
The FT described Medina as “soft-spoken and polite, the complete opposite of the enthusiastic young analyst alter ego Patrick Bateman met”.
Medina, as Litquidity, is known for the financial industry by regularly sharing funny memes that lean into the “financial bro” stereotype, like when he posted about a “sci-fi technology investment banker starter pack” that included Equinox Gym. It was praised among Probably from the office bathroom. Membership and Patagonia branded sweatshirts.
There were also occasional headline-grabbing posts. That included when Liquidity published a slide deck prepared by 13 Goldman Sachs investment banking analysts that described the harsh working conditions at Goldman during the pandemic.
One person wrote, “Lack of sleep, treatment by senior bankers, mental and physical stress…” and another said that her position at the bank run by David Solomon was worse than her experience in foster care. “It was definitely bad,” he said.
It’s not clear how Mr. Medina obtained the confidential material, but he did so in an effort to keep junior bankers happy, such as the $20,000 bonus that Credit Suisse was giving for fully paid leave. It is believed that this may have sparked fierce competition between Wall Street and freed Peloton, According to Business Insider.
At the time, Goldman also raised salaries for first-year analysts from $85,000 before bonuses to $110,000.
Medina told BI that his response to Goldman’s presentations “made him famous,” but during his positions at Deutsche & Jefferies, he made sure not to violate company policy. He remained anonymous.
Medina began his career in finance after graduating from Cornell University Business School in 2013, but colleagues said they knew all along that he was destined to go in a different direction, according to the FT. .
Kevin Cullinan, Medina’s former Jeffries teammate who is now at Barclays, told FT Medina: “I had something in mind before I started the account. It was just him.”
By 2016, Medina was working at Wexford Capital, a private equity firm based in Connecticut. I launched my Liquidity account in 2017.
The account started working immediately. “Now there are more people around the Barclays bullpen saying, ‘Did you hear this latest thing from Liquidity?’ It’s great,” Kallinen told the FT.
“I told them, ‘That’s my son from Jeffries.'”
Liquidity became so popular that by 2020, Medina found herself back in Florida working at Deutsche Bank and decided to work on her social media accounts full-time.
By the following year, Medina had hired reality TV star and fellow former investment banker Mark Moran, the FT reported.
Mr. Moran was given an undisclosed stake in Liquidity, which Mr. Medina estimated would be worth about $20 million in 2021.
The two have launched a newsletter called “Exec Sum” and a podcast titled “Big Swinging Decks,” which is sponsored by the cryptocurrency company CoinFLEX, and is based on the July 2022 cryptocurrency crash. Production was stopped at that time.
Shortly after, Moran ended his involvement with Liquidity, according to the FT.
As of 2022, Medina also joined Bain Capital Ventures as a scout.
He is also currently focusing on his venture capital spinoff, Liquidity Capital, which has made more than 30 investments in early-stage startups, the FT reported.
The Post reached out to Medina for comment through Liquidity’s social media accounts and Bain.
