NEW YORK, Aug 27 (Reuters) - Goldman Sachs' ( GS )

co-head of commodities trading Xiao Qin will retire by the end

of the year, according to an internal memo seen by Reuters on

Tuesday.

His co-head Nitin Jindal remains at the bank.

Qin, a 22-year Goldman veteran who became a partner in 2016,

previously led commodities trading in the Europe, the Middle

East, Africa and Asia.

He also served as global head of oil, products and bulks

trading.

The departure was announced in a memo signed by Goldman's

co-heads of global banking and markets, Ashok Varadhan and Dan

Dees.

Bloomberg reported on the move earlier Tuesday.