People News: Goldman Sachs, Royal Bank of Canada

Departure

Goldman Sachs’s Dalinc Ariburnu is leaving the firm and being replaced as co-head of sales for fixed-income, currencies and commodities by Jim Esposito.

Bloomberg News reports that Ariburnu, 46, spent seven years at the bank, according to an internal memo Friday from securities division leaders Isabelle Ealet, Pablo Salame and Ashok Varadhan. Esposito, named chief strategy officer for the securities unit in February, will keep that role while sharing sales duties with Tom Cornacchia, according to a second memo, which was obtained by Bloomberg News and confirmed by spokesman Michael DuVally.

In the meantime, Bloomberg News also reports that Royal Bank of Canada named Jefferies Group’s Michael Armstrong as head of its U.S. wealth-management business.

Armstrong, global head of wealth management at Jefferies since 2014, will start later this year, the firm said in an internal memo obtained Friday by Bloomberg News. He’ll replace John Taft, who plans to retire May 31 as chief executive officer of RBC Wealth Management U.S., and report to Russell Goldsmith, CEO of the lender’s City National Bank unit.

Goldman's Ariburnu Exits as Esposito Named Co-Head of FICC Sales

Royal Bank Names Jefferies's Armstrong to Lead U.S. Wealth

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

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