

Make yourself visible to recruiters hiring for top jobs in technology and finance. Moorthy didn't respond to our invitation to comment.Ĭlick here to create a profile on eFinancialCareers.

It’s worth noting that Goldman has already told multiple outlets (the FT and Bloomberg, notably) that it doesn’t comment on individual disciplinary measures, and that the memo seen by Bloomberg doesn’t name Moorthy directly. A number of firms have paid huge fines to regulators for using the messaging app (as well as personal email addresses) to communicate with clients – the most memorable being JPMorgan’s eye-watering $200m bill to the SEC. Moorthy, who started meditating as a teenager according to American Banker, has likely found good company at the firm since his initial joining in 2007.Īlthough Goldman haven’t confirmed why exactly Moorthy left, a memo seen by Bloomberg indicated that several leaders in the TxB team had been let go who had “communicated on unauthorized channels”.īankers talking on WhatsApp has been a growing headache for bank compliance personnel in recent years. Meditation is a surprisingly big part of Goldman’s otherwise sharkish culture (although that culture seems to be continually lost to the sands of time). Moorthy came back to the bank to begin the building process of building its TxB team, which eventually launched in 2020. He doesn’t appear on either the 2018, 2020, or 2022 Goldman partner lists – indicating that his rejoining the bank came with partner status. Moorthy joined Goldman in 2018 from JPMorgan – but he had previously spent seven years at the bank before his JPM stint as a Managing Director, technology fellow, and global CTO of global prime services. “The point of it all is to be able to listen to others, and to do that, you have to be able to listen to yourself,” Moorthy told American Banker. Moorthy told American Banker back in 2021 that weekly meditation sessions were a “vital” part of his leadership and building of Goldman’s TxB offering. Word on the street seems to be that the meditation-loving partner was let go over… Using unregulated communication channels (probably WhatsApp).

Goldman Sachs have let go of their global head of Transaction Banking (TxB) services, Hari Moorthy.
