Amrolia quits as co-head of European corporates group at Goldman

Zar Amrolia, co-head of the European corporates group and former global head of foreign exchanges sales at Goldman Sachs, has left the bank after a series of job changes divested him of some of his forex responsibilities.

Amrolia, who joined the bank as global head of forex sales and e-commerce in August 2000, then became co-head of European FX sales alongside Geoff Grant - now global head of FX. When he left the bank on February 28, Amrolia was co-head of the new European corporates group, which incorporates standalone derivatives, forex marketing and credit and interest rate derivatives. Amrolia had taken on that role in May 2002, when his other FX sales responsibilities were "divested" and taken over by Grant, said a spokesperson at Goldman in London.

But this divestment should not be seen as a demotion, the spokesperson said, pointing out that Amrolia remained a partner throughout his career with Goldman. "The move was purely part of our restructuring," the spokesperson said, adding that Amrolia left the bank "by mutual consent", to pursue other interests.

Amrolia joined Goldman from Deutsche Bank in London. When he left that bank in August 2000, he managed the day-to-day running of global markets e-commerce. He joined Deutsche in 1995 as global head of FX options sales, became European head of FX sales in 1998 and managing director of FX sales after the Deutsche/Bankers Trust merger in 1999.