The Goldman Sachs partner who sent a famous memo to the bank's junior staff is leaving
He is set to join a macro hedge fund in New York, according to the people.
Mauro famously sent a memo to junior staff earlier in the year. The memo addressed some of the recent departures from Goldman Sachs, and looked to put some of the industry's current travails in perspective.
"Based on the number of you reaching out to get on my calendar or grab a coffee … there is clearly angst on the floor," his memo read.
"You are 'clapping' your mentors off the floor for the last time. People you respect are telling you the industry will never be the same. Peers are leaving for tech startups and swapping Goldman bags for backpacks."
His departure comes at a tough time for Goldman's fixed income business. Goldman Sachs' global cohead of sales, Tom Cornacchia, has been surprisingly blunt about a shift in the fixed-income division that is causing some "awkwardness" and "friction."
Goldman Sachs' cohead of global fixed income, currency, and commodities sales, Dalinc Ariburnu, recently left the bank. Jim Esposito, who was recently promoted to chief strategy officer of the securities division, has replaced Ariburnu while also continuing in his strategy role.