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Foreign Exchange

Goldman Hong Kong NDF trader leaves after compliance breach

Naysan Munusamy, a Hong Kong-based non-deliverable forward trader at Goldman Sachs, has been let go in relation to an alleged breach of compliance, according to Derivatives Intelligence, a sister-publication of EuromoneyFXNews.

 Naysan Munusamy

Market officials in Hong Kong told Derivatives Intelligence that Munusamy was dismissed this week after being suspended by the bank surrounding trades with Macquarie in Singapore. Istvan Loh Wye Lung, a Singapore-based trader at Macquarie bank, is also understood to be on suspension. Both Goldman Sachs and Macquarie were unable to comment on the exact details of the alleged compliance issue.

Munusamy had been at Goldman for less than two years, having joined the bank from Standard Chartered in August 2010 after four years based in Malaysia and Singapore.

At Goldman, Munusamy reported to Geoffrey Lee, managing director of Asia-Pacific ex-Japan macro trading.

Loh, also formerly an associate at Standard Chartered, reported to Wayne Yu, head of FX trading Singapore at Macquarie.

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