Kayhan Mirza Leaves Goldman Sachs

After six years of service, Kayhan Mirza, co-head of global currencies and emerging markets (GCEM), will retire from Goldman Sachs at the end of June, according to a memo seen by Finance Magnates today.

The firm stated that throughout his tenure at Goldman Sachs, Mirza has been instrumental in leading the growth and development of the company’s currencies and emerging markets client franchise.

He has been the architect of a number of strategic initiatives that have benefited the firm’s FICC franchise globally, according to Goldman Sachs.

“Kay played a key role in the creation of our Short Macro business, a successful joint venture across FX and Interest Rate products. He also drove the development of our electronic FX Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term capabilities, and expanded the scope and breadth of our global product offering across the Emerging Markets franchise,” the memo said.

Partner since 2014

Mirza joined Goldman Sachs as a partner in 2014 to run the firm’s global FX business. In 2016, he was asked to also co-head FICC emerging markets for Latin America and EMEA.

In 2019, he drove the integration of the firm's global FX and global emerging markets businesses into GCEM. In addition to breaking down regional and product silos, this has delivered global scale and greater efficiency to Goldman Sachs’ clients, according to the memo.

Mirza serves on several committees, including the Firmwide Risk Committee, Firmwide Client and Business Standards Committee, European Management Committee and Global Markets Operating Committee, and is co-chair of the Digital Asset board in Accelerate.

Additionally, Mirza represents Goldman Sachs on the Bank of England’s Joint Standing Committee. Previously, he served on the Securities Division ExecComm and the EMEA Senior Diversity Council.

“Kay has continually demonstrated a strong commitment to our people and culture, including by recruiting, mentoring and developing many successful Goldman Sachs professionals. Please join us in thanking Kay for his many contributions to the firm and wishing him and his family the best in the years ahead,” the firm said.