You never get laid off by Goldman Sachs: you simply sail off into the sunset. As Goldman Sachs trims costs in its fixed income business, various members of its fixed income sales team are taking retirement. The latest to do so is said to be Atosa Moini, co-head of credit sales in EMEA.
Goldman insiders said Moini’s retirement was announced today. The bank didn’t immediately respond to a request for comment.
Moini joined Goldman in 2005 and was made a partner in 2010. Prior to 2005, she worked in asset origination at Deutsche Bank.
This is a ‘partner year’ at Goldman Sachs – the firm is due to announce a new round of partners this November. Existing partners, particularly in fixed income sales, are seemingly being encouraged into retirement as a result. Moini’s exit follows that of other senior fixed income figures, most notably Dalinç Ariburnu, a partner and head of fixed income and currency sales in Europe, in March.
Revenues in Goldman’s fixed income currencies and commodities division fell 47% year-on-year in the first quarter. Goldman appointed Jim Esposito, co-head of its financing group, as chief strategy officer of the securities division in February. Esposito is thought to be examining the strategy of Goldman’s fixed income business.