People News: Cantor Fitzgerald, Deutsche Bank, Goldman

way out

Zubin Ramdarshan, who joined Cantor Fitzgerald in April to help lead the firm’s exchange-traded funds business in Europe, said he left to work with an “old friend.”

Bloomberg News reports that Ramdarshan will take up a “buyside role,” he said in an e-mail. He didn’t immediately respond to requests to identify his new employer. 

In the meantime, Bloomberg also reports that Deutsche Bank’s Raj Tanna, chief operating officer for Russia, has left after the lender shut its local securities unit in the wake of a probe into alleged money laundering, according to two people with knowledge of the situation.

Tanna was part of a team conducting an inquiry, known as Project Square, into the so-called mirror trades at the bank’s Russian unit, according to one of the people, who asked not to be identified because they were not authorized to speak on the matter. The lender has since curtailed operations in Moscow and shut its local securities unit.

Finally, Bloomberg News also reports that James Del Favero, one of Wall Street’s most experienced rain-makers, is leaving Goldman Sachs after a career spanning 27 years and more than 6,000 deals.

Del Favero, who joined the bank in 1989 and is head of cross-border mergers and acquisitions, as well as chairman of its fairness committee, will retire at the end of June, according to an internal memo seen by Bloomberg News.

Cantor ETF Boss Departs Within Two Months to Join ‘Old Friend’

Deutsche Bank’s Russia COO Said to Leave as Lender Retreats

Dealmaker James Del Favero to Leave Goldman After 27 Years

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