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Goldman’s trading arm has struggled with calm markets, changing client preferences
Turnover continues in Goldman Sachs Group Inc.’s troubled trading arm as the firm’s new chief executive takes over.
The latest departure is John Willian, who announced Tuesday he would retire as head of sales for Goldman’s all-important fixed-income division. He will be replaced in the U.S. by Avanish Bhavsar, a senior U.S. credit salesman, and Ricardo Mora, who focuses on emerging-market debt, people familiar with the matter said.