Goldman Sachs Group Inc.’s Pablo Salame and Isabelle Ealet, two of the three co-heads of the securities division, will leave the bank next month.
The changes leave Ashok Varadhan to run the trading division, according to an internal memo Monday from Chief Executive Officer Lloyd Blankfein.
Salame, 52, has led the trading business since 2008 and was named a vice chairman of the firm in 2016. Ealet, 55, rose up through the commodities business and was named partner in 2000.
Business Insider reported the changes earlier Monday.
Salame and Ealet will become senior directors after they leave, according to the memo.
This article was provided by Bloomberg News.