London 18/04/2013 - Robert Burgess-Allen, a senior executive at Goldman Sachs warehouse operator Metro International Trade Services in the UK, is to leave the firm, a well-informed source said.
His departure follows that of Mark Askew, vice president of marketing, who left on April 11 after 12 years at the Detroit-based firm.
Metro was not immediately available, while Goldman Sachs declined to comment.
A news report last week claimed that Goldman Sachs was "exploring" a sale of Metro just three years after the US bank bought the firm for $550 million. But CEO Chris Wibbelman told FastMarkets he had no knowledge of such a plan.
Metro, which is focussed on LME-listed warehousing operations, was acquired by Goldman Sachs in 2010. Goldman Sachs' metal team has seen numerous changes in recent months amid unconfirmed speculation of worse-than-expected performance in 2012.
After Stephen Branton-Speaks' departure last year, Scott Evans and David Freeland recently left the company's physical trading team.
Revenues at Goldman's commodities trading division have dropped sharply in the past three years to just $575 million in 2012, or just three percent of total income.
(Additional reporting by Nina Lu and Yoke Wong, editing by Mark Shaw)