Goldman Sachs Fixed-Income Sales Co-Head Cornacchia Departs
- Willian to replace him as co-head of fixed-income sales
- Cornacchia becomes second FICC sales co-head to leave in 2016
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Tom Cornacchia, Goldman Sachs Group Inc.’s co-head of fixed-income sales, is leaving after 14 years as the Wall Street firm looks to reverse a multiyear slump in trading.
John Willian, 53, global head of prime services, will succeed him and work with Jim Esposito, the New York-based bank said Wednesday in an internal memo signed by Isabelle Ealet, Pablo Salame and Ashok Varadhan, co-heads of the securities division. Business Insider reported the moves earlier Wednesday.