Goldman Sachs' European head of government bond trading may have quietly retired
Garry Naughton had a good run at Goldman Sachs, but now it is our understanding that he is going.
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Neither Goldman nor Garry responded to a request to comment for this article, but sources suggested Garry is retiring.
Naughton was Goldman's European head of government bond trading. We last wrote about him when he joined Goldman from Deutsche Bank. That was 12 years ago.
Naughton is thought to have left Goldman of his own accord. At least one junior on the team is thought to have been less fortunate.
Goldman's London macro team has been through some changes. Many former stars are now at Citadel Securities, including Nikhil Choraria, Nohshad Shah, Frank Flight and Ishaan Sethi (via Marshall Wace).
Goldman said its rates trading business was weak in the third quarter. It was also weak in the second quarter. It's thought to be hiring.
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