Goldman Sachs securities lending veteran departs

Martin Cosgrove recently resigned from the board of Equilend Europe.
By Joe Parsons

Goldman Sachs’ long-time head of securities lending, Martin Cosgrove, has left the bank. 

His departure follows his recent resignation from the board of Equilend at the beginning of February, according to the UK’s Companies House website.

Cosgrove served almost 20 years at Goldman Sachs in various equities and securities finance roles.

Last year Goldman Sachs reorganised its securities finance business with the creation of a global funding, and inventory management team. It also appointed Kevin Kelly as global head of securities lending. 

Cosgrove is the latest high profile departure for the securities lending industry. Earlier this month Northern Trust’s head of international securities lending, Sunil Daswani, announced his surprise departure after serving over 15 years with the Chicago-based custodian.