Goldman Sachs London MD said to quit for a hedge fund

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Goldman Sachs London MD said to quit for a hedge fund

Yesterday we brought you news of a Goldman U.S. macro analyst quitting for BlueCrest. Today it seems Dan Bitel, Goldman's head of European swaps trading might've gone the same way.

GS insiders say Bitel left the bank today. Rumour has it that he's off to join Michael Platt at BlueCrest Capital Management. A more junior trader on the same team is thought to be going along too.

Goldman Sachs declined to comment on the moves.

Bitel was promoted to managing director in Goldman's mega-MD round in 2017. He joined the bank from Natwest Markets in 2007 according to his FCA profile. 

Goldman Sachs is conducting a 'front to back' review of its businesses under new CEO David Solomon. Results are expected to be released soon. In the meantime, the firm has been conducting its annual purge of poor performers. Bitel is not understood to have fallen into this category, and left of his own accord.

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