Goldman Sachs Oil Trading Head Karl Robijns Retires From Firm

Karl Robijns, head of oil and products trading at Goldman Sachs Group Inc. (GS), is retiring from the firm after 14 years.

Robijns also oversees agricultural products trading in London, according to an internal memo from Pablo Salame, Isabelle Ealet and Ashok Varadhan, co-heads of the firm’s securities division. He was named a partner in 2010.

Goldman Sachs Chief Executive Officer Lloyd C. Blankfein has said his New York-based firm is committed to its commodities unit, even as rivals such as Morgan Stanley and JPMorgan Chase & Co. exit parts of theirs. The Federal Reserve said earlier this year that it’s considering new limits on banks’ trading and warehousing of physical commodities.

“Karl has had a substantial commercial impact on our market-leading commodities franchise,” Ealet, Salame and Varadhan wrote in the memo.

Spark Spread reported the departure earlier today.

To contact the reporter on this story: Michael J. Moore in New York at mmoore55@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net

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