Goldman aims to boost trading business with promotion

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Currently a top sales executive at the bank, Stacy Bash-Polley has been tapped to take on the newly-created role of head of client relationship management at Goldman Sachs (GS +0.6%), reports Bloomberg.

The move comes as Goldman - which gets a larger share of its revenue from trading than any other U.S. bank - saw trading revenue decline 12% in H1, the fifth consecutive H1 drop.

In her new role, Bash-Polley will report to Tom Cornacchia, global head of FICC sales, and Paul Russo, the co-head of Goldman's equities trading business.