Bloomberg News

Goldman Sachs Debt Trader Callan Said to Leave After 15 Years

March 02, 2012

Neil T. Callan, a managing director in Goldman Sachs Group Inc. (GS)’s fixed-income trading department in London, left the firm after 15 years, according to a person familiar with the matter.

Callan, 39, joined the company in 1997 and left earlier this year, the person said, speaking anonymously because the firm hasn’t publicized the departure. Michael DuVally, a spokesman for New York-based Goldman Sachs, declined to comment. Callan didn’t immediately reply to a phone call seeking comment.

Goldman Sachs, the fifth-biggest U.S. bank by assets, cut 2,400 jobs last year as revenue from fixed-income, currency and commodities trading plunged 34 percent. About 50 of the firm’s most senior employees, known as partners, left as Goldman Sachs reduced compensation and benefits expense 21 percent for the year. As a managing director, Callan was one level below partner.

To contact the reporter on this story: Christine Harper in New York at charper@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net.


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