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5/14, 6:26 PM (Source: TeleTrader)
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JPMorgan poaches Goldman Sachs CFO - report

Goldman Sachs loses another executive manager as Sherry Ann Mohan, chief financial officer for consumer business decided to join JPMorgan Chase, CNBC reported on Friday, citing an internal memo scheduled to be sent to employees.

After working at Goldman for over 15 years, Mohan joins a line of company executives who moved to a different company this year. In February, the head of Goldman's consumer bank left for Walmart's fintech start-up, while last month JPMorgan poached another top official.

Media reports suggest that Golman's Marcus organization, that Mohan was also overlooking, has created high pressure and a demanding schedule for product rollouts, causing a high turnover of midlevel managers and engineers.

Breaking the News / LH