Goldman Senior Trader Jeff Verschleiser to Depart by Year-End

(Bloomberg) -- Jeff Verschleiser, who oversees flow credit, municipals and mortgage trading at Goldman Sachs Group Inc., is the latest high-profile name set to depart the firm’s biggest money-making unit.

Verschleiser, 50, will leave the firm at the end of the year, according to an internal memo. After joining Goldman in 2008, he rose through the ranks for a decade, becoming head of the mortgage-trading division before taking on parts of the credit- and muni-trading business lines.

The trading division has seen a spree of senior exits since David Solomon became chief executive officer last year. Most of the firm’s trading leaders who rose to prominence under previous CEO Lloyd Blankfein have left, and two of Solomon’s lieutenants from the investment-banking division have been named co-heads of trading.

The Wall Street Journal reported his departure earlier Monday.

To contact the reporter on this story: Sridhar Natarajan in New York at snatarajan15@bloomberg.net

To contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Dan Reichl

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