One of the longest serving traders at Goldman Sachs in New York City has left the bank.
Goldman insiders say that Steve Ferjentsik, who ran U.S. macro sales trading and program trading for Goldman Sachs in the U.S., left in recent weeks.
Goldman Sachs declined to comment. Ferjentsik remains registered with Goldman Sachs according to FINRA. However, he is no longer listed on the firm's internal directory.
Ferjentsik joined Goldman Sachs in 1998 and spent his entire career working for the firm. He was promoted to partner in 2006 and is described by insiders as having run the portfolio trading desk "for years and years." It's not clear what Ferjentsik plans to do next.
Goldman Sachs is in the process of a 'front to back review' of its businesses under CEO David Solomon. Results to the review are due to be announced this spring, but the WSJ reported earlier this month that Goldman already plans cuts to its commodities business. The fixed income business as a whole is thought to be at particular risk of trimming
Goldman insiders point to U.S. exits ahead of the review's conclusion. For example, Chris Taendler, the New York head of emerging markets trading also left the firm earlier this month.
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