Goldman Sachs' global expert on MiFID II is said to be retiring
Michael McCreesh, the global head of client commission management at Goldman Sachs, is rumoured to be retiring from the bank.
Neither McCreesh nor Goldman responded to a request to comment on the apparent exit.
Based in New York City, McCreesh joined Goldman in 1994 and initially worked on financial systems applications in the controllers division. In 1998 he moved into client commission management in equities and never quite looked back.
For the past 11 years McCreesh was CEO and global head of client commission management for GS, a role in which he led the updating of the firm's sales and trading technology to ensure its compliance with MiFID II.
MiFID II was implemented last year, so McCreesh may have concluded that his work at Goldman is done. McCreesh is also chairman of a pediatric cancer charity after his two year old son was diagnosed with cancer in 2004.
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