The Financial Times reports today that Todd Christie, CEO of the Spear Leads & Kellogg correspondent clearing operation owned by Goldman Sachs, has stepped down. Christie was a partner in the firm, which Goldman bought for $6.2 billion in 2000. He is succeeded by John Lauto. The correspondent clearing business has consolidated in recent years, most recently with the purchase of Pershing from CSFB by Bank of New York.
Spear Leads & Kellogg CEO Quits
The Financial Times reports today that Todd Christie, CEO of the Spear Leads & Kellogg correspondent clearing operation owned by Goldman Sachs, has stepped down. Christie was a partner in the firm, which Goldman bought for $6.2 billion in 2000.
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