Despite bonus season looming large, Goldman Sachs has seen several staff depart its London-based rates trading business to take up new positions at hedge fund firms in recent weeks, according to a report by eFinancial Careers.

The departures, some of which happened over the Christmas and New Year break, reportedly include VP-level rates trader Urvashi Chahal, who is believed to have joined Taula Capital, the new macro fund being spun out of Millennium Management by Diego Megia.

Meanwhile, Pushkar Jha, Goldman's London head of inflation trading, is rumoured to be joining DE Shaw, while Shahil Ghelani, a European rates trader who was based in Paris, is believed to be joining Nomura, which in November announced plans to expand its trading business in the French capital.