Friday, 25 July 2014
Last updated 5 min ago
Jan 12 2012 | 8:09am ET
Two of the four co-heads of securities trading at Goldman Sachs Group are leaving the firm, according to internal memos.
Goldman spokesman Michael DuVally told Reuters that David B. Heller and Edward K. Eisler will continue as non-employee advisers to the firm.
London-based Isabelle Ealet, the firm's global head of commodities, has been appointed one of three heads of the securities division.
The cutbacks at Goldman, like those at other investment banks, follow a difficult year which saw a decline in trading and investment banking. Goldman’s earnings per share are estimated to have plummeted 62% from 2010, according to a survey of analysts by Thomson Reuters.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…