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This former Goldman Sachs partner who retired last year is now working for a tiny VC firm

Retirement doesn't last

Retirement doesn't last

Last year, as Goldman Sachs cut costs in its fixed income business and also prepared to anoint a new class of partners, senior employees it its FICC sales team opted for retirement – a trend that’s continued into 2017. One of these partners was Atosa Moini, co-head of credit sales in EMEA, who left in May 2016.

Moini’s retirement didn’t last long. She is now working for a small VC firm called Larvin Capital, which offers advisory work and investment in small start-ups in EMEA. The firm is not yet registered with the Financial Conduct Authority, and the only other employee listed on Companies House is Norbert Furnion, the former co-head of continental European investment banking at KBW and currently a partner at Edenred Capital Partners, the VC arm of corporate services firm Edenred Group.

Moini joined Goldman Sachs from Deutsche Bank in 2005, initially as head of bank loans trading. She’s held various senior roles at the bank including head of EMEA leveraged finance sales, but was latterly head of origination and distribution of asset backed products and loans for Europe.

As Goldman cut back 10% of its 2,500-strong fixed income division in March last year, a number of senior partners in sales retired and have since emerged in interesting roles at start-ups. One of the most prominent was Joseph Mauro, the head of fixed income, currencies, and commodities European hedge fund sales, co-head of European macro rates sales, and the man who wrote “that memo”, who left in September to join Light Sky Macro, the hotly-anticipated hedge fund set up by former Brevan Howard partner Ben Melkman.

Goldman promoted 84 managing directors in its bi-annual partner round in November last year – its biggest class since 2010. It’s traditional for partners who have held the rank for a number of years to step aside to allow the fresh blood to move up. Partner retirements have continued into 2017, including Guy Saidenberg, the London-based global head of Goldman Sachs sales strats and structuring, strategist Abby Joseph Cohen, and Todd Hohman, head of EMEA execution and EMEA equities systematic market making.

Contact: pclarke@efinancialcareers.com

Image: Getty Images

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