Goldman Sachs said on Tuesday that Konstantin Shakhnovich, who managed trading systems for the U.S. bank as co-head of securities division engineering, is retiring, according to a memo seen by Reuters.
The news agency also reports that Mike Joo, Bank of America's head of global rates and currencies origination, is taking over the role of operating chief within the corporate and investment bank as David Glaser retires, according to a memo sent last week.
The change is the latest shuffle among senior executives in the division, which has been trying to get back on track after a year marked by double-digit revenue declines.
Finally, Reuters also reports that JPMorgan Chase said on Tuesday that Barry Sommers, 49, is retiring as chief executive of its wealth management client business.
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