The FX industry has had a year to forget, with a large number of personnel moves across both its retail and institutional sector – Goldman Sachs is no exception. The entire industry was in an upheaval in 2014 as a result of a debilitating FX probe by global regulators, followed by historically low volatilities that eroded revenues.
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Mr. Parikh is stepping down as Head of Spot FX, instead opting to trade currencies at an unnamed investment firm. He began at Goldman Sachs in 2002 as a Currency Trader, having ascended to Head of Spot FX.