By Anna Louie Sussman
NEW YORK, July 9 (Reuters) - Goldman Sachs has hiredLondon-based oil marketer Roy Golender as vice president ofenergy sales from Barclays Plc, a company spokesmansaid on Wednesday.
At Barclays, Golender spent four years in commodityderivatives sales, according to his LinkedIn profile. A Barclaysspokeswoman declined to comment.
Goldman Sachs has affirmed its commitment to commoditiestrading even as other banks have left the sector or scaled backtheir activities in the face of public and regulatory scrutiny.
Banks that are remaining in commodity derivatives have beenhiring as others retreat. Barclays was one of the top five banksin the global commodities business before it began reducing itsactivities earlier this year.
By contrast, Goldman Sachs President Gary Cohn made therounds in Washington in May, meeting with U.S. lawmakers andregulators from the Federal Reserve to press the case for thebank's commodities business.
In January, the Federal Reserve issued a white paperdetailing its concerns with banks' involvement in storing,transporting and trading environmentally sensitive commoditiessuch as crude oil.
Days later, in an earnings call, Goldman Chief FinancialOfficer Harvey Schwartz described the business as "tooimportant" to its clients to give up.
Golender's hiring was first reported by SparkSpread, afinancial industry newsletter. SparkSpread also noted thatGoldman has made two other commodity-related hires in the lasttwo months. (Reporting by Anna Louie Sussman; Editing by JessicaResnick-Ault and Lisa Von Ahn)
Barclays (BARC)
