The Genesis of Jonathan Faiman
Jonathan Faiman embarked on his journey in the world of business and finance on February 9, 1969. With a knack for numbers and a strategic mind, he built a promising career that led him to the creation of Ocado. Faiman is not only known for his professional endeavors but also for his personal life, being married to Kira Faiman.
Key Takeaways:
- Jonathan Faiman, the co-founder of Ocado, has a background in finance and trading with experience as the head of the emerging markets trading department at Goldman Sachs.
- Faiman, along with Tim Steiner and Jason Gissing, established Ocado in 2002, revolutionizing the British online retail space.
- After its successful listing on the London Stock Exchange in 2010, Faiman stepped down from his position as COO.
- Faiman and his wife Kira retained a 4.6% stake in Ocado through their Swiss investment company, Tempest Capital.
Early Career: Goldman Sachs
Faiman’s stepping stone into the world of finance was the esteemed institution Goldman Sachs. During his tenure, he spearheaded the emerging markets trading department. This position at one of the world’s leading investment banking firms not only solidified Faiman’s place in the financial industry but also paved the way for his future endeavors in the eCommerce realm.
The Birth of Ocado: A Revolution in Retail
Faiman, in conjunction with Tim Steiner and Jason Gissing, ventured into the world of online retail in 2002 with the launch of Ocado. This British Internet retailer quickly became a household name, offering a wide variety of products ranging from groceries and flowers to toys and magazines. Faiman’s strategic foresight and entrepreneurial spirit propelled Ocado to the forefront of the online retail industry.
Ocado’s Public Listing
The success of Ocado culminated in its listing on the London Stock Exchange in 2010, a testament to the company’s growth and Faiman’s leadership. Faiman served as the Chief Operation Officer of the company but stepped down in 2008, leaving behind a robust operation that continues to thrive.
The Faiman Stake in Ocado
Jonathan Faiman and his wife, Kira Faiman, maintained a vested interest in the company’s success. Through their Swiss investment company, Tempest Capital, the couple held a significant 4.6% stake in Ocado, showcasing their belief in the ongoing potential of the online retailer.
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