Banker Fight Club

Whoops, sounds like somebody broke the first two rules. Personally, I wouldn’t mind taking a crack at some of these overpaid adrenaline junkies.Thanks Bloomberg.

banker fight club

“We get a lot of finance guys,” said Max McGarr, the gym’s program director and a professional fighter. “It’s a good release from their job. If you lost hundreds of thousands of dollars, it’s good to come here and get it out.”

“It’s a great stress reliever,” said Richard Byrne, chief executive officer of Deutsche Bank Securities, who practices jiu-jitsu and sparring at Renzo with Cholish and other professional fighters. “Talk about a great way to get aggression out, and it’s an unbelievable workout.”

Cholish and his roommate, Erik Owings, also a professional fighter, converted the top level of their duplex apartment on the Upper East Side into a gym, where Byrne sometimes brings Wall Street colleagues to work out.

“It’s the dungeon of pain,” said Brian Peganoff, an assistant vice president in corporate cash management at Deutsche Bank. Peganoff, 27, learned tae kwon do as a child and started boxing as a workout while attending Pennsylvania State University in University Park. He began jiu-jitsu about two years ago.

“People on Wall Street are pretty competitive and I think that carries over,” Peganoff said. “That’s the ultimate competition, putting two people in a cage and seeing who is the better guy.”

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