Goldman Sachs' incoming CEO David Solomon overhauls his management team

CNBC -

CNBC—Incoming CEO David Solomon names Stephen Scherr as chief financial officer. Martin Chavez, a technologist who has been CFO since May 2017, will return to the trading division as one of three co-heads.

Goldman Sachs' head of stock trading is leaving, as incoming CEO David Solomon continues with his shakeup (GS). Goldman Sachs' equities chief Paul Russo, who has run the business since 2012, is leaving the firm. The departure comes as incoming CEO David Solomon puts his own leadership team at the top of the bank.  Goldman's equity trading revenue lagged behind peers during the second quarter. Goldman Sachs' equities chief Paul Russo is leaving the bank, according to a source familiar with the matter, as incoming CEO David Solomon looks to put his own leadership team at the top of the Wall Street...