A 28-year veteran of Goldman Sachs is leaving the firm as new CEO David Solomon looks to put his mark on the bank.
John Willian, who previously served as the bank’s global head of fixed income, currency and commodities sales (FICC), is retiring from Goldman, according to a memo on Tuesday.
He’ll remain an adviser to the bank, the memo said.
Av Bhavsar, who oversees US credit and mortgage sales, and Ricardo Mora, global head of FICC emerging markets distribution and head of Americas foreign exchange sales, will now become coheads of fixed income, currency and commodities sales in the Americas, the memo said.
A Goldman spokesman declined to comment on the changes.
Willian is just the latest in a string of exits from senior Goldman trading executives in recent weeks as Solomon’s tenure as chief executive begins. Goldman equities chief Paul Russo is leaving the firm as is top trading executive Stacey Bash-Polley.
Willian was appointed to his role back in 2016 as part of an earlier shakeup, where two earlier coheads of FICC sales, Dalinc Ariburnu and Tom Cornacchia, left in quick succession. Willian’s appointment, alongside Jim Esposito, who has since ascended to cohead of the securities division, was seen as evidence of a strategic shift at Goldman.
Willian had previously headed the prime brokerage, clearing, and futures business, a unit that focuses not on making millions through big-ticket trades but on picking up thousands on the plumbing behind them.
“Our ability to deliver effectively the range of our services to clients across fixed income, currencies, and commodities will only become more important and valuable to our clients,” Goldman Sachs said in an internal memo announcing Willian’s appointment at the time.
Willian also headed municipal sales and trading, global money markets, and the fixed income and mortgage desks in Chicago. He joined Goldman in 1999.
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