Jefferies Treasury Trading Head Golden Quits

Jan 14 2015 | 10:14am ET

James Golden, co-head of government bond-trading at Jefferies & Co., has left the building.

The reasons for his departure were not clear, reports the New York Post.

Golden, who joined Jefferies in 2010, had previously worked for Royal Bank of Scotland, Merrill Lynch and Lehman Brothers.

Owned by Leucadia National Corp, Jefferies is one of 22 primary dealers trading U.S. government debt with the Federal Reserve. Last month, Jefferies announced fourth fiscal quarter revenue of $61 million from fixed-income trading, a 73% year-on-year drop attributed to losses on distressed debt (including Fannie Mae and Freddie Mac securities).

At the time, Jefferies CEO Richard Handler described the three-month period to November 30 as “very challenging.”

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