Goldman Sachs Trading Co-Heads Salame, Ealet to Depart Firm
- Ashok Vardhan will stay on as sole chief of trading division
- Moves come after Solomon picked as CEO heir apparent in March
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Goldman Sachs Group Inc. lost its two most-experienced trading leaders as the bank’s senior ranks feel the ripple effects of an expected succession at the top.
Pablo Salame and Isabelle Ealet, two of the three co-heads of the securities division, will leave the bank next month. The changes leave Ashok Varadhan to run the trading division, according to an internal memo Monday from Chief Executive Officer Lloyd Blankfein.