Graham Goldsmith, the Melbourne-based vice chairman and a managing director of Goldman Sachs Australia has given up his role to become a consultant at the firm.

Goldsmith joined the company following the merger between JBWere with the firm's Australian operations, which made him head of the equity capital markets business. He is chairman of the Goldman Sachs Australia Foundation.

Also Ross King, the managing director and chairman of the financing group at Goldman Sachs Australia, has retired after 21 years in the business. His career at Goldman Sachs is highlighted by his advisory position in the sale of Equinox Minerals to Barrick Gold and the  merger of Whitehaven Coal with Aston Resources. Ross King is currently overseeing Whitehaven Coal's $170 million takeover of Coalworks.

The financing group comprises all Goldman Sach's capital markets departments and operates closely with the fixed income, currency, commodities and equities divisions.