By Liz Hoffman 

Martin Chavez is retiring from Goldman Sachs Group Inc., where he was the face of a new breed of engineers ruling Wall Street and one of its most senior openly gay executives.

Mr. Chavez, who had once been considered a potential chief executive of the company and has been a co-head of its trading arm for the past 10 months, will retire at the end of the year, according to an internal memo.

He came up as a computer programmer in its trading arm and was a favorite of former Chief Executive Lloyd Blankfein, who promoted him to finance chief in 2017.

 

(END) Dow Jones Newswires

September 03, 2019 10:50 ET (14:50 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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