The head of portfolio trading at Goldman Sachs, Deepan Pavendranathan, has resigned from the bank.
The Financial Review reports Pavendranathan will take six months gardening leave. He’ll then take up a role as head of events and trading for Australia and Asia at hedge fund Regal Funds Management.
Pavendranathan spent eight years at Goldman Sachs and was a managing director. According to the AFR, he was considered one of the bank’s best revenue earners.
His resignation adds to a string of departures from Goldmans this week. On Wednesday it was announced that two executive directors — research analyst Adam Alexander and equity sales trader Harry Boghossian — would be leaving, along with another equity sales trader Matthew Rae.
The AFR reports that Goldman Sachs has recruited staff from Citigroup and Macquarie as it attempts to rebuild its Australian equities division.