LONDON, April 1 Goldman Sachs has moved
its head of global foreign exchange trading Guy Saidanberg to
the role of co-head of commodities trading, making way for the
appointment of former JP Morgan banker Kayhan Mirza to the FX
Internal memos seen by Reuters confirmed Mirza's move to
Goldman as a partner, reported in some media at the start of
this month, and that Saidanberg was moving to the new post after
a year in charge of the currency area.
A Goldman Sachs spokeswoman in London confirmed the contents
of the memos were accurate and declined to comment further.
Banks have been struggling to fill gaps at the top of their
currency trading operations left by a spat of resignations,
suspensions and dismissals since allegations of manipulation of
market benchmarks emerged last year.
More than 30 traders from some of the world's biggest banks
have now been suspended or laid off, although the reasons for
each case remain unclear.
Recruitment firms and sources at some of the banks at the
centre of the probe have said there is huge reluctance to hire
experienced spot traders externally because replacements could
be tainted by the allegations of rate-rigging.
The memo said Mirza was previously the global head of FX
options trading and head of EMEA FX trading at JP Morgan.
(Reporting by Patrick Graham; Editing by Catherine Evans)