REUTERS/Andrew Kelly Acquire Licensing RightsNEW YORK, Sept 13 (Reuters) - Goldman Sachs (GS.N) fired several executives in its transaction banking unit after they violated the firm's communications policy, according to a memo seen by Reuters on Wednesday.
Philip Berlinski, the bank's treasurer, will take over day-to-day management of transaction banking alongside Akila Raman and Luc Teboul.
The fired executives also failed to cooperate with Goldman Sachs' compliance department.
The bank remains strongly committed to the transaction banking business, it said.
Goldman Sachs was among the first wave of big banks regulators hit with stiff penalties for such recordkeeping failures.
Persons:
Goldman Sachs, Andrew Kelly, Philip Berlinski, Akila Raman, Luc Teboul, Berlinski, Hari Moorthy, Moorthy, Saeed Azhar, Chris Prentice, Leslie Adler, Lananh Nguyen, Josie Kao
Organizations:
REUTERS, Reuters, FINRA's, Wall Street, Thomson
Locations:
Manhattan , New York, U.S