Goldman Sachs has started shedding traders in equities and derivatives functions, just weeks after it announced plans to cut fixed income jobs.
People familiar with the situation have told The Trade the recent departures are a mixture of “voluntary and involuntary” changes to the business, with the majority leaving at the end of March 2016.
The latest leavers include Thomas Carroll, head of structured credit trading (LatAm), Kevin Dommenge, head of Micro One Delta trading (Asia) and executive director Francois Delatorre – an algo specialist.
Equity traders Max Witcher and Adrian Johnston left the bank in March too. Witcher has since joined JP Morgan’s Delta One team while Johnston has moved to Boston Consulting Group.
Sales traders Alexa Berger and David Nolan also left the business in March. Berger has changed careers while Nolan – who traded both equity and fixed income – has founded his own business.
Multi-asset trader Ed Abraham worked in Goldman’s Private Wealth Management team on the EIS trading desk. He also left in March after more than two years with the bank, joining Kepler Cheuvreux as a pan-European equities trader later that month.
Aaron Wishart, a US-based vice president in charge of monitoring risk management of derivatives trading left in April to join the US Treasury.
A spokesman for Goldman Sachs declined to comment on the departures. None of the aforementioned have offered any additional comment.