Following Kayhan Mirza’s retirement from the firm, Ram Sundaram will assume sole responsibility for the GCEM business, Goldman Sachs announced this week. Additionally, the firm announced the following leadership changes in a memo seen by Finance Magnates.
Rajesh Venkataramani, head of GCEM Foreign Exchange Options Trading, will also assume responsibility for G10 FX and will work with Josh Schiffrin to help oversee the Short Term Macro Trading joint venture business led by Richard Chambers.
Venkataramani will report to Sundaram. Venkataramani serves on the Global Markets Division OpComm, Structured Investment Products Committee, Firmwide Asset Liability Committee and EMEA Securities Division Best Execution Committee. Venkataramani is also the co-sponsor of the EMEA Securities Women’s Network. He joined Goldman Sachs in 2000 and was named managing director in 2008 and partner in 2014.
Kunal Shah, currently head of GCEM Trading in EMEA, will assume responsibility for Global Emerging Markets Trading, reporting to Sundaram. In his expanded role, Shah will ensure we have consistent best practices for our global emerging markets offerings and help broaden and deepen our global franchise. Shah serves on the EMEA Inclusion and Diversity Committee, Global Markets Division OpComm and EMEA Securities Division Best Execution Committee. Shah is also sponsor of the Asian Professionals Network in EMEA. He joined Goldman Sachs in 2004 and was named managing director in 2010 and partner in 2014.
James Ellery, currently head of Asia Pacific Currencies and Emerging Markets Trading, will become head of GCEM in Asia Pacific, working closely with Venkataramani and Shah, and reporting to Hidehiro Imatsu and Ram. He joined Goldman Sachs in 2015 as a partner.
“This global oversight will help to increase collaboration across all regions to further strengthen and align our strategy, product offerings and coverage for our clients”, the firm said.