Goldman Sachs has announced that Noel Donohue has retired from his position as global head of firm-wide risk in New York, a position he has held since 1999. He will be replaced by Robert Berry, who has worked with Donohue since 2002. Previously, he held positions at the fixed income currency and commodities strategies group, and had also been head of swaps trading until 1998.In a separate development, Vishal Gupta and Remy Klammers have been appointed co-heads of exotics trading for Europe and Asia. Formerly, Gupta ran credit correlation trading in Europe and Klammers traded exotic interest rate products in Asia. This is part of a reorganisation of Goldman’s trading business into a cross-asset focus.
Meanwhile, the former head of interest rate exotics trading, Driss Ben-Brahim, has been appointed global head of macro proprietary trading, reporting into global currency trading.
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