The managers were fired for violating communications company policies.
(Photo: Reuters)
new York US investment bank Goldman Sachs has fired several executives for violating company policies. Those affected had violated the company’s communication policy, according to which employees are only allowed to comment on company matters via communication channels approved by the company, according to an internal memo that was available to the Reuters news agency on Wednesday.
The company did not name the affected employees in the memo. “We will not comment on individual disciplinary matters,” the major bank said by email in response to a request from Reuters.
Hari Moorthy, the head of transaction banking, has left the company, a person familiar with the matter told Reuters.
Philip Berlinski, the bank’s treasurer, will take over the day-to-day management of transaction banking together with Akila Raman and Luc Teboul. Berlinski will also temporarily lead the financial technology and consumer businesses. Moorthy is no longer listed as a registered broker on the website of the regulator Finra. He initially left Reuters’ requests for comment unanswered.
US regulators are imposing increasingly large fines on Wall Street firms that failed to adequately oversee their employees’ use of off-channel communications such as text messages and WhatsApp.
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