Financial technology startup Trumid Financial LLC, which provides a trading platform for corporate bonds, recently hired a Goldman Sachs Group Inc. executive, online news publication eFinancialCareers reported.
Trumid hired Paris Pender as head of data products, a source familiar with the matter confirmed to S&P Global Market Intelligence. Pender, who was most recently global co-head of credit trading strategies for the investment banking giant, joined the startup Sept. 23.
Trumid declined to comment when contacted by S&P Global Market Intelligence. Goldman Sachs did not immediately respond to a request for comment.
Goldman has seen several senior employees depart recently. A source told S&P Global Market Intelligence recently that Arun Dhar left the firm. Dhar, who was named partner in 2018, was responsible for equity derivatives sales in Europe, the Middle East and Africa. Chairman and CEO David Solomon is reportedly looking to cut the number of executives named as partners in a bid to maintain the exclusivity of the title.
Business Insider, citing sources, reported the company is offering lucrative exit offers to partners to encourage them to leave.
Trumid has raised $202.2 million in five funding rounds, based on S&P Global Market Intelligence data. The fintech company in May raised $60 million in its latest funding round, with Hillhouse Capital Management Ltd. acquiring a minority stake. Existing investors ARBOR VENTURES and Singapore Exchange Ltd. also joined the funding round.
