King of Goldman’s ‘Straders’ to Leave Firm

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King of Goldman’s ‘Straders’ to Leave Firm

Goldman Sachs Group Inc.’s “straders,” the hybrid trader-coder whose star has been on the rise inside the Wall Street firm, are losing their ringleader.

Adam Korn, who represented a new kind of Wall Street trader—one reared on computer code, not instinct—is leaving the firm, people familiar with the matter said Monday. His departure follows that of Martin Chavez, a technologist and trading executive who left at the end of last year. More resignations are expected across the firm in the coming weeks, as 2019 bonuses are paid…

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