Mitesh Parikh, Goldman Sach’s European Head of Spot FX, is parting ways with the banking group, ending a 12-year stint with Goldman to take up employment at a hedge firm.
The FX industry has had a year to forget, with a across both its retail and institutional sector – Goldman Sachs is no exception. The entire industry was in an upheaval in 2014 as a result of a debilitating FX probe by global regulators, followed by historically low volatilities that eroded revenues.
Mr. Parikh is stepping down as Head of Spot FX, instead opting to trade currencies at an unnamed investment firm. He began at Goldman Sachs in 2002 as a Currency Trader, having ascended to Head of Spot FX.
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