Goldman Sachs seems to have an issue on its European rates desk. A week after the disappearance of Simon Kingsbury, head of European interest rate swaps trading, another trader has left the same desk. Patrick Stewart is understood to have exited earlier this week.
Stewart's destination is unclear. Stewart's LinkedIn profile simply describes him as "front office." He's understood to have been a former strat who ran the firm's euro book in short macro swaps.
Both Goldman Sachs and Stewart didn't respond to a request to comment on Stewart's exit.
As well as Kingsbury and Stewart, Goldman has lost Seb Fassam one of its most successful associate-level sterling traders, Stanley Sheriff, a top junior macro trader, and Sebastien Angles-Dauriac, a senior structurer in the macro division.
The exits come after a miserable year for Goldman's fixed income currencies and commodities business (FICC) and intimations that bonuses might not have been great after compensation costs were cut 32% in the fourth quarter. If and when David Solomon takes over as CEO at Goldman Sachs, he's expected to steer the bank back towards corporate finance.
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