Goldman chief credit strategist Karoui exits after 18 years | Fortune

Goldman Sachs Group Inc.’s chief credit strategist Lotfi Karoui is leaving the Wall Street bank after 18 years, according to an internal memo reviewed by Bloomberg.

Karoui, who was also the head of credit, mortgages and structured products research, was named chief credit strategist in 2017 and was among 95 executives promoted to partnership in November.

His departure comes as Goldman Sachs’s chief US equity strategist, David Kostin, is set to retire from the bank at the end of the year, Bloomberg reported last month.

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A representative for Goldman confirmed his departure but declined to comment further. Karoui didn’t respond to requests for comment.