Goldman Sachs' head of stock trading is leaving, as incoming CEO David Solomon continues with his shakeup (GS)

Goldman Sachs

• Goldman Sachs' equities chief Paul Russo, who has run the business since 2012, is leaving the firm.
• The departure comes as incoming CEO David Solomon puts his own leadership team at the top of the bank. 
• Goldman's equity trading revenue lagged behind peers during the second quarter.

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Goldman Sachs' equities chief Paul Russo is leaving the bank, according to a source familiar with the matter, as incoming CEO David Solomon looks to put his own leadership team at the top of the Wall Street firm. 

Russo, who has worked at Goldman his entire career, exits as the firm's equities division has lagged peers and the bank has given up market share to rival firms like Morgan Stanley.

See the rest of the story at Business Insider

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See Also:

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• Read the memos Goldman Sachs sent out to employees announcing the big management overhaul

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