Goldman Currency Trader Parikh To Balyasny

Sep 25 2014 | 1:12pm ET

A top Goldman Sachs currency-trading executive is leaving the bank for a hedge fund.

Mitesh Parikh is joining Balyasny Asset Management. The 12-year veteran, who serves as head of European spot foreign exchange, follows former global head of spot and forward foreign exchange Steven Cho out the door. Cho left Goldman in February to launch his own hedge fund.

Parikh’s departure is not related to the rate-rigging scandal that has roiled foreign-exchange desks, Bloomberg News reports.

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