Goldman Sachs veteran Marty Chavez heads for the exit
Goldman Sachs veteran Marty Chavez is stepping down from the global bank.
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Chavez, who has served at the US banking giant for almost two decades, is set to retire as global co-head of the securities division at the end of this year.
Chavez, who joined the group in 1993 before founding a Silicon Valley start-up, returned to the firm in 2005, working his way up to become chief information officer (CIO) in 2013 and chief financial officer (CFO) four years later.
Chavez was once tipped as a contender to be chief executive.
In a memo seen by CNBC earlier today, chief executive David Solomon, president John Waldron and CFO Stephen Scherr said that firm had benefitted from Chavez’s “cross-divisional experience and his deep insight into regulatory reform, market structure and operational infrastructure”.
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At the end of their note to employees, the trio said: “Please join us in thanking Marty for his outstanding contributions to Goldman Sachs, our clients and our people, and in wishing him and his family the very best for the future.”