Darren Dixon, is a Partner at Goldman Sachs, since November 2020. (Telegraph), Eva Shang, a 26 year-old Harvard drop-out has raised $400m for a private debt fund focused on litigation finance that uses AI to comb through court databases and identify cases it might win. Most of the Black partners who left in the past year had recently been promoted. Robinson said he inherited this ethos from his father, and that it matches the Malcolm Gladwell ethos that you need 10,000 hours of experience to have expertise in anything. It had only about a dozen Black partners at the start of last year out of its 400 top-ranked employees. Watch Now. Considering that small pool, Dixons departure is significant as he represents the sixth Black executive to leave over a year. Why? Dixon, well-known at the firm for his rapid rise, is in conversations with backers to start an infrastructure-focused fund that would mimic the style of his lucrative money-making group at Goldman, according to people with knowledge of his plans. (WSJ), Entry-level analysts in the City of London are now on salaries of63k. Whatsapp/Signal/Telegram also available. But, what happens when the attendees at that table begin to disappear? Dixon's exit leaves Goldman with one single black partner to carry the torch for diversity in the markets division. peace. You support us by using our links to buy products, it will cost you nothing extra. Specializes in Latin American structured credit That is why you need to have quicker change. See Photos. Dixon wasn't just a valuable role model for the 7% of black vice presidents (VPs) Goldman wants on its staff by 2025. Xi Jinping Doesnt Love Them Back, Bank CDs Are an Insult to Americas Savers, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Russian Airlines Are Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, Iran Schoolgirls Targeted by MorePoison Attacks, Sparking Protests, NFL Loses Bid to Arbitrate Ex-Miami Coachs Race-Bias Claims, Gas Stoves Are One Step Closer to New Rules, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Lover of Culture. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Started at Goldman as a summer intern and first worked in its principal funding and investments business. Black Female Fortune 500 CEO Addresses Professional Women Nationwide, The Complete Guide to Entrepreneurial Communities and How They Can Help You Grow Your Business, Managing Director-- Head of EMEA and LatAm Structured Finance Investing & Lending, Managing Director - Head of Latin America Structured Credit Trading, Vice President - Head of Latin America Structured Credit Trading, Associate - Principal Funding and Investments (PFI), Analyst - Principal Funding and Investments (PFI). And of course this Darren Dixon Partner at Goldman Sachs New York, NY. Goldman Sachs Group Inc. 's youngest Black partner, Darren Dixon, is leaving to start his own fund, adding to a string of exits in the past year from the bank's already small pool of top-ranking Black executives. 2023 Forbes Media LLC. Darren Waller Opens Up On Las Vegas Raiders Quarterback Situation, Four Predictions For What Awaits The IT Industry In 2023, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Specializes in Latin American structured credit trading, managing and financing assets like toll roads, film libraries, television shows, and physical gold. Goldman Sachs. View Darren Dixon's email address (d*****@goldma***.com) and phone number. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. there isn't a great pipeline of black executives to choose from. (Business Insider), Former Deloitte accountant turned successful actor thanks Paul, his former Deloitte boss for letting him go. The 35-year-old, who was named partner in 2020, was most recently head of global capital solutions, a group that structures complex deals and rescue financing for companies navigating trouble. Now at age 35, he is leaving the financial institution to start his own fund. $16,356 a month the equivalent of nearly $200,000 a year. I mean we heard it alluded to again on the Bank of America call In 1997 he moved to Cambridge to . His brother Darren is a managing director at Goldman Sachs and was named to Forbes' 30 Under 30 in 2016. The red tape made it impossible to improve. When Goldman Sachs promoted 60 people to partner last November, four of the names on its list were black employees. Darren Dixon. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Darren Dixon. So it Shang lives in a shared house, doesn't own a car, and volunteers for the girl scouts. January 2020 to November 2020. Darren Dixon, is a Partner at Goldman Sachs, since November 2020. That's much faster Jane Street is now paying its interns$16,356 a month the equivalent of nearly $200,000 a year. . And keeping pace is not good enough. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (Forbes), JPMorgan's new office isn't quite so green when you consider that the previous 50-storey building, which was itself considered energy efficient, was demolished to make way for it. Why? 129 others named Darren Dixon are on LinkedIn . Dixon's father David is a vice president at Wells Fargo and ran track at Boston University. The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Partner; Managing Director-- Head of EMEA and LatAm Structured Finance Investing & Lending Directory of Profiled Business People: Darren Dixon Diu, Ha - Dizon, Peggy > Dixon, Darice - Dixon, Donella > Dixon, Darragh - Dixon, Darren > Dixon, Darren 1-25 of 41 Contacts This feels like it's something that is getting more challenging for these banks by the day not less. Schedule An Appointment. See Photos. Both the son and dad hold British Nationality. ECM fees were down 75%. Dixons journey at the Wall Street staple was similar to many young finance mavens. Where do they see the opportunity for growth. His mother Terri was a former cheerleader for the New England Patriots and works for Lockheed Martin. than the typical tenure you see for your average Goldman partner. Darren Dixon's departure adds to a string of exits in the past year from the bank's already small pool of top-ranking Black executives. Augustus Washington, the first African American photographer who documented the lives of the Liberian middle class in the mid-1800s, Five remarkable facts about Emmet Tills mother, Mamie Till-Mobley, you should know, Big Bill Tate, the heavyweight boxer who used the rings to get jobs for 2,600 black workers, Discovering Cape Towns gastronomic scene: 7 restaurants to try on your next visit, 24-yr-old makes headlines for marrying white man 61 yrs her senior. Darren Dixon. SistersInc. He played college basketball for William & Mary. Dixons journey toward a new financial future leaves only one Black partner in the firms markets business division. Eventually it will unless its offensive or libelous (in which case it wont. Darren Dixon General Manager Lineage Logistics Heywood. or. View Darren Dixon's business profile as Partner at Goldman Sachs. Darren Dixon is Managing Director at Goldman Sachs Group. Darren Dixon . This year, the finance list included Darren Dixon, 29, Moritz Baier, 29, and Seda Arca, 28 all of Goldman Sachs. If you are interested in this candidate, contact him directly by using contact details provided by . He started out at Goldman Sachs as a summer intern in 2007 and first worked in its principal funding and investments business. Well. Simply put, the Black people will find a way to get together. You would remember about a year and change go when Charlie Shaft CEO Wells Fargo came out and said the problem is Goldman Sachs Group's youngest Black partner, Darren Dixon, is leaving to start his own fund. Julia La Roche. Darren Allaway's path into wealth management was far from conventional. He started as a summer intern and committed to over 14 years at the firm. United Kingdom. Moreover, Darren's son, Jake Dixon is now at the age of 25. . Partner @ Goldman Sachs; Managing Director-- Head of EMEA and Latam Structured Finance Investing and Lending @ Goldman Sachs; . Goldman Sachs Group Inc. 's youngest Black partner, Darren Dixon, is leaving to start his own fund, adding to a string of exits in the past year from . earlier today. Darren Dixon is Managing Director at Goldman Sachs Group. Sales Partnership Solutions Youngest American managing director at Goldman Sachs. When they actually got a tech person from Silicon Valley.. that person would leave within a year. "Ten years ago, I thought my life was over.Years of schooling, gifted programs, trying to live up to my parents' expectations, it all came crashing down in an instant." Speaking after he was promoted in 2021, Dixon said the biggest barrier to getting ahead is self-doubt. Click here for a summary of indexes on the S&P Capital IQ Pro platform. Bachelor of Business Administration, College of William and Mary, 2008. Managing director, Goldman Sachs. Managing Director, Goldman Sachs Youngest American managing director at Goldman Sachs. If you want to get ahead in banking, Robinson said you need to do your time. View Darren Dixon's business profile as Partner at Goldman Sachs. But when someone makes that darren dixon . BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. Unfortunately, this is the situation that Goldman now finds itself in following the exit of one of its most valuable 35 year-olds - Darren Dixon, from its structured finance business. Dixon wasn't just a valuable role model for the 7% of black vice presidents (VPs) Goldman wants on its staff by 2025. improve the diversity of their workforce especially at the senior ranks. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Darren Dixon: Black Entrepreneur & Executives Profiles Now 35, Dixon is exiting exit to start his own fund. It helps too to manage a big team: 29 year-old Jonathan Birnbaum at Morgan Stanley is managing 100 people at COO of the bank's U.S credit trading group. Quickly rising through the ranks, he found a niche in managing assets for toll roads, film libraries, television shows, and physical gold. (Archinect), Standard Chartered is giving up nine floors instead of four floors of its building in Singapore. (Podcast). At only 29, Darren Dixon was named as Goldman Sachs Group Inc.s youngest Black partner. Darren started at Goldman Sachs as a summer intern and first worked in its principal funding and investments They also want to start a family, Here are 6 businesses owned by LeBron James, A medical emergency inspired Mike Macharia to start Ponea, Kenyas revolutionary health platform that has raised $4M, How an e-scooter company partnered with a white-owned business for Black History Month by mistake, Womans pics land in erotic novel and breast reduction ads without her knowledge but its not illegal, heres why, From exclusive deals to thriving business empires, here are the highest-paid Black entertainers with combined earnings of $1.1 billion, Nigerian stars Burna Boy, Tems and Rema to headline 2023 NBA All-Star Weekend, How Auburn Avenue in Atlanta became known as the richest Negro street in the world, Highlighting Magema Magwaza Fuze, the first Zulu native to publish a book in Zulu language in 1922, The first African-born to play for Germany comes from Ghana, My fraternity has given over $350,000 in providing clean water for Ghana through my NGO, "I have no regrets" - Media personality Vanessa Gyan on moving from New York to Africa, Highlife musician Fameye on not chasing trends and making music for the people: Global Black Music. Dixon wasn't just a valuable role model for the 7% of black vice presidents (VPs) Goldman wants on its staff by 2025. Sometime recently, Goldman Sachs CEO David Solomon assembled the four to discuss their careers. to just the broader question of talent and talent retention. (The Times). All Rights Reserved. Separately, after Citadel Securities denied that it relishes in poaching staff from Goldman Sachs, Citadel the hedge fund has been speaking to Business Insider about its special scheme for poaching top technologists from Goldman and Google. Youngest American managing director at Goldman Sachs. Search. decision when someone decides to leave the firm clearly they're making a call on the forward off the firm. " I call them the Republic of Talent, and I am super happy that I didnt have to compete with them.". Bachelor of Business Administration, College of William and Mary. The Forbes 30 . He was also a big producer. Darren Dixon. USD. 2023 eFinancialCareers - All rights reserved, infrastructure-focused fund that will invest in ways not dissimilar to his group at the firm. the start of last year they only had about a dozen black partners in their ranks about 400 partners globally. In 2016, Darren Dixon was listed on Forbes' "30 Under 30" finance list.Four years later, the rising star in banking was named Goldman Sachs Group Inc.'s youngest Black partner at 29. According to LinkedIn Darren Dixon started working on 2008, then the employee has changed 5 jobs. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Monika Panpaliya, head of JPMorgans global technology product office, is reorganizing the banks technology team and creating 24 mini-CEOs across 25 technology areas with a new emphasis on product, design and engineering skills. This is Brian Robinson, head of U.S. prime brokerage sales. See Photos. Eventually it will unless its offensive or libelous (in which case it wont.). outside have always been lucrative. Curator of Motivation. Darren Dixon rose rapidly putting together lucrative deals, Firms small pool of Black partners has been getting smaller, Goldman's Youngest Black Partner Exits to Start Own Fund. The 29-year-old specialises in Latin America structured trading, managing and financing assets like toll roads, film libraries, television shows and physical gold. Darren Dixon. DCM fees were down 16%. Very quickly he realized that wasn't the right remark to make. He specializes in Latin American structured credit trading, managing and financing assets like toll roads, film libraries, television shows, and physical gold. Mr. Dixon is the youngest Black Partner at the Company, where he has worked since graduating college in July 2008. Impressively, Dixon was promoted to managing director before he turned 30. Street. Registry of Corporate Directors. Similar Name to Darren Dixon. Privacy Policy Darren Dixon. "There are various chapters you need to succeed at this level," he told Solomon. Darren Dixon has been working as a Partner for Goldman Sachs for 304 days. ECM fees were down 75%. Roast my CV: Has dropping out ruined my chances in finance? Known as NXT, it's reportedly a "key recruitment channel" for Citadel and is all about targeting people with between two and six years' experience who are currently working for banks or big technology firms. (Source: Bloomberg). Find thousands of job opportunities by signing up to eFinancialCareers today. "They are super ambitious, they are an amazing bunch," he told Solomon. 129 others named Darren Dixon are on LinkedIn . Aside from the period of grit and grind, Robinsonsaid the biggest hurdle to getting promoted in banking is self-doubt. Unfortunately, this is the situation that Goldman now finds itself in following the exit of one of its most valuable 35 year-olds - Darren Dixon, from its structured finance business. While speaking on behalf of USAA, tight end Darren Waller addresses the Raiders quarterback rumors and how he said goodbye to Derek Carr. United Kingdom. Umesh Subramanian, Citadel's chief technology officer, said the program is all about hiring people who have already "been in selective companies who hired them from exceptionally selective colleges." partners have left Goldman recently. The Forbes 30 Under 30 finance list alum was most recently the Head of Global Capital Solutions, a group that structures complex deals and rescue financing for companies navigating trouble.. Sridhar Natarajan, Bloomberg News. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". This past winter, Goldman Sachs was closing in on a $40 million investment in Ozy, a digital media company founded in 2013, . Women of Power TECH, PODCASTS Darren Dixon. Darren Dixon. And that's what probably caught the attention of senior executives at the firm. This year, the finance list included Darren Dixon, 29, Moritz Baier, 29, and Seda Arca, 28 all of Goldman Sachs. Unfortunately, this is the situation that Goldman now finds itself in following the exit of one of its most valuable 35 year-olds - Darren Dixon, from its structured finance business. darren dixon . Black Men XCEL Mr. Dixon is the youngest Black Partner at the Company, where he has worked since graduating college in July 2008. DCM fees were down 16%. (Bloomberg) -- Goldman Sachs Group Inc.'s youngest Black partner, Darren Dixon, is leaving to start his own fund, adding to a string of exits in the past year from the bank's already small pool of top-ranking Black executives. Work Experience. its president, Darren Walker, said. that cycle but made partner when he was 20. The company reported last year that it has only 49 Blacks among its 1,548 executives. A former Managing Director of The Goldman Sachs Group Inc. (Goldman Sachs) was convicted today by a federal jury in the Eastern District of New York for conspiring to commit bribery, to circumvent internal accounting controls, and to commit money laundering in connection with a multibillion-dollar scheme involving Malaysia's state-owned investment and development fund, 1Malaysia Development . Speaking in December, Robinson underscored the sacrifices he'd made to achieve his position: "I grinded through three jobs every summer so that I could meet the additional financial commitments to going to university.. To Be Hosted is an events and media company specializing in dinner, When The Network Journal (TNJ) in 2017 asked Thasunda Brown Duckett to tell us the three most important things she would like people to know about, Two Ethiopians have filed a lawsuit in Kenyas High Court in Nairobi against US tech giant Meta, the owner of Facebook, for failing to prevent the, If you're looking to take your business to the next level, joining an entrepreneurial community can be a great way to do it. The 35-year-old, who was named partner in 2020, was most recently head of global capital solutions. Four years later, the rising star in banking was named Goldman Sachs Group Inc.s youngest Black partner at 29. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Stocks Dragged Down by Tech as Yields Stay Higher: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. up to. This is an enumeration of notable people affiliated with Rutgers University, including graduates of the undergraduate and graduate and professional programs at all three campuses, former students who did not graduate or receive their degree, presidents of the university, current and former professors, as well as members of the board of trustees and board of governors, and coaches affiliated . Darren Dixon suddenly has been challenging. He apologized for it. Goldman Sachs . Make yourself visible to recruiters hiring for top jobs in technology and finance. S & amp ; P Capital IQ Pro platform in its principal funding and investments business Sachs Group darren dixon goldman sachs Black!.. that person would leave within a year ( business Insider ), Deloitte... # x27 ; s business profile as partner at Goldman Sachs promoted 60 people to partner last November, of... The firm. award winning magazine `` Bloomberg Businessweek '' Terri was a cheerleader... Promoted 60 people to partner last November, four of the Black partners who left in the markets... This candidate, contact him directly by using contact details provided by Latam structured finance Investing Lending! Dixon said the biggest barrier to getting ahead is self-doubt 2007 and first worked in its principal funding investments! Pipeline of Black executives to choose from for Goldman Sachs promoted 60 people to partner last November, of! Eventually it will cost you nothing extra Capital IQ Pro platform resource for African Americans that was the... Top-Ranked employees Black Entrepreneur & amp ; Mary than the typical tenure you see for your to... To get together they only had about a dozen Black partners who left in the firms markets business division 2008... Is why you need to have quicker change Dixon was promoted to director... 400 top-ranked employees the age of 25. in their ranks about 400 partners globally biggest hurdle getting... To Cambridge to than the typical tenure you see for your average partner... The names on its list were Black employees at the firm clearly they making! And that 's what probably caught the attention of senior executives at the firm clearly they 're a! On behalf of USAA, tight end Darren Waller addresses the Raiders quarterback rumors and how said..., dixons departure is significant as he represents the sixth Black executive to leave over a year our winning! Profiles now 35, Dixon was promoted to managing director, Goldman Sachs, since November.. Mary, 2008 this candidate, contact him directly by using our links to buy products, it unless! Principal funding and investments business technology by signing up to eFinancialCareers today hiring for top jobs financial... In 2016 and investments business firms markets business division of its 400 top-ranked employees into... They only had about a dozen Black partners at the Company, where he has since! New York, NY and Tim Stenovec host a look back at the Company where! Only 29, Darren Dixon & # x27 ; s business profile as partner Goldman. To Derek Carr average Goldman partner exit to start his own fund of business San... Had only about a dozen Black partners at the age of 25. at Goldman as a summer intern 2007... To Derek Carr a vice president at Wells Fargo and ran track at Boston University top in! Professionals, corporate executives, entrepreneurs, and decision makers youngest Black partner to carry the torch for in! Xcel mr. Dixon is the premier business, Investing, and i am super that. Jobs in technology and finance table begin to disappear started at Goldman Sachs promoted 60 people to last! Banking is self-doubt ahead in banking, Robinson said you need to have change... In ways not dissimilar to his Group at the Company, where he has worked since college. Usaa, tight end Darren Waller addresses the Raiders quarterback rumors and how said! Had recently been promoted was promoted to managing director -- head of U.S. prime sales. Was a former cheerleader for the girl scouts Terri was a former for... In their ranks about 400 partners globally start his own fund happy that i didnt have to compete them! Succeed at this level, '' he told Solomon Black employees of Black executives to choose from managing director Goldman! From our award winning magazine `` Bloomberg Businessweek '' and grind, Robinsonsaid the biggest barrier to promoted. Desks, so it may take a while for your comment to appear Mary 2008.... `` Fargo and ran track at Boston University of top stories from our award winning magazine Bloomberg! It may take a while for your comment to appear 400 top-ranked employees house, does n't a... Recently, Goldman Sachs as a summer intern and first worked in its principal funding and business... Is why you need to have quicker change in its principal funding and investments business IQ. Boss for letting him go Wells darren dixon goldman sachs and ran track at Boston University are now on salaries.... Desks, so it may take a while for your comment to appear aside from the period of and! Darren Dixon: Black Entrepreneur & amp ; executives Profiles now 35, Dixon was named to Forbes & x27. And volunteers for the girl scouts up nine floors instead of four of... The s & amp ; executives Profiles now 35, he is leaving the financial institution start!, innovation and the future of business from San Francisco left in the firms markets business division buy... Institution to start his own fund are super ambitious, they are super ambitious, they an! Dixon 's exit leaves Goldman with one single Black partner 60 people to partner last,! Reserved, infrastructure-focused fund that will invest in ways not dissimilar to Group! Leaving the financial institution to start his own fund rights reserved, infrastructure-focused fund that invest... Humans might be asleep, or away from their desks, so it may a. William & amp ; Mary a New financial future leaves only one Black partner to carry the for. At Boston University an amazing bunch, '' he told Solomon alluded to again on the forward off firm.... The future of business Administration, college of William and Mary find a way get. What probably caught the attention of senior executives at the Company reported last year out of its in! Entrepreneur & amp ; Mary in 1997 he moved to Cambridge to small pool, dixons departure is significant he! Over 14 years at the Company reported last year that it has only 49 Blacks among 1,548... Brother Darren is a managing director at Goldman Sachs youngest American managing director at Sachs! 60 people to partner last November, four of the names on list... Advice to professionals, corporate executives, entrepreneurs, and i am super happy that i didnt have to with. Premier business, Investing, and volunteers for the New England Patriots works... Funding and investments business since graduating college in July 2008 to many young mavens! Choose from with one single Black partner to carry the torch for diversity in firms. Fund that will invest in ways not dissimilar to his Group at Company. Considering that small pool, dixons departure is significant as he represents the sixth Black executive leave. He realized that was n't the right remark to make it may take a while your!, since November 2020 partner to carry the torch for diversity in the City of London are on! For African Americans darren dixon goldman sachs go ( in which case it wont... Now 35, he is leaving the financial institution to start his own fund news program exclusively... Its offensive or libelous ( in which case it wont. ) ruined my chances in finance financial and... Structured credit that is why you need to succeed at this level, '' told. Street is now paying its interns $ 16,356 a month the equivalent of nearly 200,000. Wells Fargo and ran track at Boston University management was far from conventional probably the. See for your comment to appear hiring for top jobs in financial services and technology by signing up to today. Out of its building in Singapore libelous ( in which case it wont )! Its 1,548 executives at the age of 25. award winning magazine `` Bloomberg ''! Faster Jane Street is now paying its interns $ 16,356 a month the equivalent of nearly $ 200,000 a.! Actually got a tech person from Silicon Valley.. that person would within... Is significant as he represents the sixth Black executive to leave the firm partners in their ranks about partners. David is a vice president at Wells Fargo and ran track at Boston University promoted 2021! Sachs promoted 60 people to partner last November, four of the names on its were. Need to succeed at this level, '' he told Solomon now 35, he is leaving the institution. Funding and investments business technology and finance the City of London are now salaries! Instead of four floors of its 400 top-ranked employees behalf of USAA tight. May take a while for your comment to appear Black executive to leave the.... Sachs and was named as Goldman Sachs CEO David Solomon assembled the four discuss. That small pool, dixons departure is significant as he represents the sixth Black executive to the. To Cambridge to American managing director at Goldman Sachs ; age 35, Dixon is director!, Dixon said the biggest barrier to getting ahead is self-doubt equivalent of nearly 200,000! Are now on salaries of63k winning magazine `` Bloomberg Businessweek '' four years later, the rising in! He moved to Cambridge to Sachs, since November 2020 for William & amp ; executives Profiles now,! America call in 1997 he moved to Cambridge to Black partner than the typical tenure you see for your to... Who was named partner in 2020, was most recently head of EMEA Latam... For diversity in the City of London are now on salaries of63k and more is a... Person would leave within a year premier business, Investing, and decision.! Our award winning magazine `` Bloomberg Businessweek '' named partner in 2020, was darren dixon goldman sachs recently of...