Greg Mount, partner and head of structured credit marketing at Goldman Sachs, has resigned from the firm, according to Bond Week, an LMW sister publication. He is expected to start an alternative investment fund that will buy structured credit securities, according to several officials familiar with his move. Mount was previously co-head of the entire structured product team at Goldman and assumed the role of head of structured product marketing within the last six months. It could not be determined if the change had any role in his resignation.
Mount likely has some kind of non-compete clause and will probably be on the sidelines for at least a few months before he can actively solicit investments for his new fund, according to someone familiar with Mount's resignation. Still, the official added Mount is highly regarded and should be able to easily attract investors for a structured credit fund. Mount did not return a call to his home phone or e-mails. Goldman officials referred calls to a spokesman who declined comment.