(Reuters) - Goldman Sachs Group Inc's (N:GS) global co-head of the securities division Marty Chavez will retire at the end of the year, according to an internal memo seen by Reuters.
Chavez, once considered a potential CEO candidate, has held a number of roles during his 19 years at the firm including chief information officer and chief financial officer.
Following Chavez' retirement, Marc Nachmann will become co-head of the securities division and Chavez will become a senior director, the memo signed by the chief executive, operating and financial officers of the bank.