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Foreign Exchange

Goldman makes cuts in FX sales

Goldman Sachs has laid off three people from its London FX sales desk, sources familiar with the matter inform EuromoneyFXNews.

Artur Kuzma, an executive director, and Jo Li, an associate, have both left Goldman, having been at the bank for more than six years each. Jonny Edelman, who was hired in August from JPMorgan on the hedge fund sales desk, is also understood to have left the firm.

Goldman Sachs declined to comment.

Goldman ranked ninth in Euromoney’s FX Survey in 2011 with a market share of 4.13% and ranked second in options with a market share of 10.31%.

In EuromoneyFXNews’ inaugural buy-side e-trading survey, Goldman’s REDI Trader was voted fifth most-preferred electronic platform.

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