R. Martin Chavez, Goldman Sachs Group Inc.'s global co-head of securities division, will retire from the investment banking giant at the end of 2019, according to an internal memo posted on CNBC.
He is set to become a senior director after his retirement. Chavez first joined Goldman Sachs in 1993. He left the company in 1997 before returning as a managing director in the investment banking division in 2005. He was named partner in 2006.
Goldman Sachs named Marc Nachmann to replace Chavez, according to a separate internal memo. Nachmann is co-head of the global investment banking division.
