R. Martin Chavez, Goldman Sachs' co-Head of Securities is retiring from the investment bank, according to the Wall Street Journal. According to an internal memo, Chavez will retire at the end of the year after being with the firm for nearly 19 years. Chavez ran Goldman Sachs' trading business, which saw $2 billion in revenues during the second quarter of 2019. He joined the firm's commodities trading unit in 1993. In 2005, Chavez took on a role as managing director of Goldman's Investment Banking Division Strategies. A year later, he became a Goldman Sachs partner.
Chavez did not immediately respond to a message seeking comment.