The Goldman Sachs CEO who ran hedge fund risk has left for a fintech

Another CEO from Goldman’s 2019 vintage is leaving. Unlike Giuseppe Anastasiowill not go to Citi but will join fintech.

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Atul Pawar will take on the role of head of fintech firm Clear Street risk official according to a press release released yesterday. Pawar said he is very pleased with his new job and that Clear Street is “challenging the status quo by building a modern, cutting-edge, centralized technology platform unlike anything else on the market. I look forward to contributing to the plans company expansion and continued success.”

Pawar spent nearly 20 years at Goldman Sachs in New York and was promoted to managing director in 2019. He most recently headed U.S. prime, clearing, futures commission trader (FCM) and counterparty risk for ‘agency.

As chief risk officer, Pawar oversaw Goldman’s exposure to hedge funds. As such, he could be credited with the company’s dodging the Archegos bullet in 2021, although court transcripts suggest that this may also be related to Archegos’ accidental transfer of $500 million to Goldman Sachs by one of its junior employees.

Goldman Sachs did not respond to a request for comment on Pawar’s replacement. A Goldman insider said Pawar is a “gifted guy” and will be a loss to the firm.

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