The desk was "led by an officer who made his own decisions and did not report to a superior",... "but the top military bosses knew about it, I was told".
The desk, which was led by Sutesh Sharma, was characterized by the bank as being two-thirds done with its wind-down as of last October.
On September 26, I'll join several of media's leading experts on the latest advances in programmatic buying including Michael Chock of Media iQ; Dan Greenberg from Sharethrough; Nathan Eide of FRWD and Tim Sims of The Trade Desk in a discussion led by Yuyu Chen of Digiday.
Other members of Goldman's proprietary trading desk abroad, like the team in Asia led by Morgan Sze, have weighed their options, which include establishing a fund.
Business management startup Front Desk has raised $3.2 million in seed funding, led by Second Avenue Partners and joined by Venture One Ventures, Rich Barton, Lloyd Frink and J.D. Delafield.
The plaintiffs included pension funds in Colorado, Ohio and Illinois and were led by former employees and directors of Automated Trading Desk who received Citigroup shares when they sold the electronic trading firm to the bank in July 2007.
"They walked in here, led by Alex Fagan, and symbolically put their weapons and badges on my desk right here," Brown told me.
During the writing period, most big banks formed internal Volcker Rule "task forces," often led by risk officers and lawyers, to coordinate the effort across trading desks and divisions, people briefed on the efforts said.
He eventually got $80 million in investment led by Goldman Sachs because, as he puts it, he was managing more markets than their currency trading desk.
Within the investment office, led by Ina Drew, who resigned on Monday, the bets were directed by the head of the Europe trading desk in London, Achilles Macris.
