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Report: Goldman Sachs puts head of US inflation trading on leave

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Report: Goldman Sachs puts head of US inflation trading on leave

Goldman Sachs GroupInc. put Josh Schiffrin, its head of U.S. inflation trading, on leavein January while it looks into transactions he handled, The Wall Street Journal reported March 23, citing "people familiarwith the matter."

Goldman Sachs started reviewing whether the transactions werecorrectly booked as some inflation trades appeared to have been booked using methodsthat violate company policy. Schiffrin will likely return to work once the companyhas finished the review, according to the report.

The publication also reported that Igor Cashyn, a trader whoworked under Schiffrin, has resigned.

Goldman Sachs spokeswoman Tiffany Galvin told S&P GlobalMarket Intelligence that the company has no comment on the report.