Russo is reportedly negotiating his departure and is expected to leave in the coming weeks.
Yet another key change in Goldman Sachs' leadership was revealed on Thursday with the firm’s co-head of stock-trading, Paul Russo, set to exit the firm. The move was announced by The Wall Street Journal which said it received the information from a person with knowledge of the matter, without revealing their identity.
According to the report, Russo is currently negotiating his departure and is expected to leave in the coming weeks. He will be the first senior departure from Goldman Sachs as the incoming Chief Executive Officer, David Solomon, is setting his own team and priorities.
Russo has been running Goldman’s equities business since 2012. He originally began working at Goldman Sachs in New York as a summer associate in 1989 in Trading and Arbitrage. In 1990 he joined the firm full time, working in US Equity Derivatives. Last year, Goldman's Equities unit brought in $6.6 billion in revenue.
David Solomon is building his team at Goldman Sachs
Over the past week, a suite of changes has been announced at Goldman Sachs. Last Friday, Finance Magnates reported that the incoming CEO David Solomon named John Waldron as Chief Operating Officer, effective on October 1, 2018. He will also be the firm’s next president.
Waldron initially joined Goldman Sachs in 2000. A year later he became managing director and then partner in 2002. Currently, Waldron is the Co-Head of the Investment Banking Division. He has held this position since 2014.
Stephen Scherr, a veteran at the bank, will become the Chief Financial Officer. His position will become effective on November 5 after Goldman Sachs will have filed its third-quarter results. Scherr is replacing Goldman’s current CFO, Martin Chavez, who has been moved back to the securities division which he will Co-Head with Ashok Varadhan and Jim Esposito.
This week, it was also announced that according to an internal memo seen by Reuters, Tim O’Neill has been named as vice-chairman of Goldman. O’Neil has been with the firm since 1985. Five years later, he was named as a partner of the Wall Street bank.
Yet another key change in Goldman Sachs' leadership was revealed on Thursday with the firm’s co-head of stock-trading, Paul Russo, set to exit the firm. The move was announced by The Wall Street Journal which said it received the information from a person with knowledge of the matter, without revealing their identity.
According to the report, Russo is currently negotiating his departure and is expected to leave in the coming weeks. He will be the first senior departure from Goldman Sachs as the incoming Chief Executive Officer, David Solomon, is setting his own team and priorities.
Russo has been running Goldman’s equities business since 2012. He originally began working at Goldman Sachs in New York as a summer associate in 1989 in Trading and Arbitrage. In 1990 he joined the firm full time, working in US Equity Derivatives. Last year, Goldman's Equities unit brought in $6.6 billion in revenue.
David Solomon is building his team at Goldman Sachs
Over the past week, a suite of changes has been announced at Goldman Sachs. Last Friday, Finance Magnates reported that the incoming CEO David Solomon named John Waldron as Chief Operating Officer, effective on October 1, 2018. He will also be the firm’s next president.
Waldron initially joined Goldman Sachs in 2000. A year later he became managing director and then partner in 2002. Currently, Waldron is the Co-Head of the Investment Banking Division. He has held this position since 2014.
Stephen Scherr, a veteran at the bank, will become the Chief Financial Officer. His position will become effective on November 5 after Goldman Sachs will have filed its third-quarter results. Scherr is replacing Goldman’s current CFO, Martin Chavez, who has been moved back to the securities division which he will Co-Head with Ashok Varadhan and Jim Esposito.
This week, it was also announced that according to an internal memo seen by Reuters, Tim O’Neill has been named as vice-chairman of Goldman. O’Neil has been with the firm since 1985. Five years later, he was named as a partner of the Wall Street bank.
Noel Quinn's Surprise Exit Marks End of an Era at HSBC
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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