Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Whatsapp/Signal/Telegram also available (Telegram: with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Have a confidential story, tip, or comment you’d like to share? Contact: the first instance. Make yourself visible to recruiters hiring for top jobs in technology and finance. Speaking last week, Denis Coleman, Goldman's CFO, said the firm will be 'curtailing the replacement hiring of normal course attrition.' Put simply, one insider said that when people leave, they are not being replaced.Ĭlick here to create a profile on eFinancialCareers. It's not clear how much Duber and Bernhardt were paid two years ago, but last year's payment is unlikely to have compared favorably.Īs people leave Goldman, the firm is not necessarily replacing them. The program trading desk did particularly well in 2021, which was when Montesano received his enormous bonus. Although bonuses paid to salespeople and traders were better than expected for 2022, they fell short compared to increases in revenues on most desks. The exits come as Goldman seeks to tweak its strategy in the wake of last week's investor day and last year's large losses in the consumer business. Insiders say he retired, although this can be Goldman speak for ushering senior staff out the door.ĭuber, who was in equity sales, is thought to have gone to Eminence Capital, a New York equity fund.

Bernhardt, who was very popular and who'd been at Goldman since 2010 and who was made MD in 2014 may not have left of his own volition. We understand that two managing directors on the team - Sandy Bernhardt and Brant Duber - have also gone in recent weeks. But sources at the firm say he's not the only exit in equities. Joe Montesano, Goldman Sachs' 46-year-old former head of America's equity trading and global program trading, has left the firm two years after receiving the sort of ($35m) bonus that should allow him to ramp up the central heating for life.

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