Goldman Memos Announce Exit Of Two Trading Execs

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.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...