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Foreign Exchange

FX News: New head of FX for Goldman Sachs

According to an internal memo circulated last week.

McTamaney heads for Asia in Goldman reorganisation

Bobby McTamaney, co-head of global FX and emerging market trading at Goldman Sachs, is relocating from London to Tokyo to take up a new role as co-head of the bank’s pan-Asian securities business. According to an internal memo circulated last week, McTamaney will share responsibilities with Katsunori Sago, effective from January 1.

Sources say that the move is a major promotion for McTamaney, who joined Goldman in 1996 originally in New York. He became a managing director in 2000 and a partner in 2002.

Goldman Sachs has yet to confirm who will replace McTamaney, but market sources believe it is Ashok Varadhan, currently head of US interest rate products. It is not clear if Varadhan will remain in New York or move to London.

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