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Trader Leaves for Banya

Goldman Sachs' Italian investment-banking chairman is to take over as head of the bank's Moscow office, according to an internal memo Reuters obtained Wednesday.

Paolo Zannoni is to succeed American Chris Barter, who is leaving to start a new investment company, and French co-head Jean Raby, who will take on senior client coverage within investment banking, the memo said. Zannoni will also remain chairman of Goldman's Italian investment-banking business.

Goldman Sachs' chief equity trader in Moscow, Peter Kizenko, said Wednesday that he quit to return to New Jersey and finish building a commercial banya.

(Reuters, Bloomberg)

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