Seeking Alpha

Goldman Asia prime brokerage staff exit amid lower pay

  • The departures include Alain Bordoni, who was a managing director, and Mark Wittet, who was an executive director, reports Bloomberg. Most of the vacated positions have been filled with internal transfers or new hires, according to a source. The exits come as Goldman boss Lloyd Blankfein trimmed compensation to just 37% of revenue in 2013, the 2nd-lowest ratio since the company came public in 1999.
  • Goldman (GS) is ranked as Asia's largest prime broker, with AsiaHedge estimating it had 179 mandates and $24.6B of assets one year ago.
Comments (1)
  • SaltyDog62
    , contributor
    Comments (791) | Send Message
     
    What was Lloyd's compensation?
    23 Apr 2014, 07:40 AM Reply Like
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