Josh Schiffrin, Goldman Sachs Group Inc.’ international head of buying and selling technique, was promoted to chief technique officer and head of monetary danger for international banking and markets on the agency, in accordance with a memo seen by Bloomberg.
The brand new position is an extension of his present duties, which is able to now embrace overseeing the monetary danger crew, FICC desk and prime danger strats crew — the place he’ll present danger evaluation for Goldman’s prime brokerage purchasers — and the technique, investments and partnerships crew.
“As well as, Josh will companion with our companies to make sure now we have diligent supervision of our buying and selling actions and a robust management surroundings,” Ashok Varadhan and Dan Dees, Goldman’s co-heads of world banking and markets, wrote in a memo dated Sept. 17.
Schiffrin joined Goldman in 2001 as an analyst, and was named managing director in 2009 and companion in 2012. In November 2023 he grew to become the worldwide head of buying and selling technique.
His latest name on the scale of Federal Reserve’s rate of interest reduce proved to be appropriate and he’s not ruling out two extra 50 foundation cuts.
“The employment information will lead the trail of coverage. The trail of fifty/50/50 is feasible if labor stays weak and unemployment price ticks up,” Schiffrin mentioned on a consumer webinar forward of the Fed’s price resolution on Sept. 18.
(Corrects to make clear Goldman’s Schiffrin was named chief technique officer and head of monetary danger for international banking and markets arm.)
