Goldman's head of ETF trading makes the move to rival JPMorgan

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Edward Rossetti, the head of ETF trading for Goldman Sachs in the U.S. has departed and has taken a seat with rival lender JPMorgan as yet another senior equity trader moving to pastures new.

Following his graduation from the State University of New York College at Buffalo in 2005, Rosetti joined Merrill Lynch in 2006 and moved to the ranks in Goldman in 2008.

With more than a decade of ETF trading Rosetti has the repertoire and know-how with both equity and fixed-income products, as well as futures and swaps.

It is the third departure in the Goldman's equities business since March when Jack Johnston, a top sales trader who specialized in hedge-fund clients, left to cohead US equity salestrading at JPMorgan.

Also venturing away from Goldman was Danielle Johnson, a managing director in the bank's client-relationship-management group, was poached by Credit Suisse to co-run its Americas equities business.




Source: Smart Trend Team