April 14, 2024
Goldman Sachs reshuffles management committee as two bankers exit: Report


Business

Published on February 2, 2024, 4:24 pm ET

In the latest sign of power dynamics at the bank, Goldman Sachs is reshuffling its management committee, the Wall Street Journal reported Friday, citing people familiar with the matter.

Company veterans Alison Maas and George Lee have left the group, along with the heads of the bank’s main divisions and other top executives, a source familiar with the matter told Reuters.

Goldman is also creating two new committees to help oversee investment banking and markets, the Journal reports.

“A final decision has not been made and no one has been asked to join the management committee,” a bank spokesperson said in a statement.

The two veterans have left the management committee, The Wall Street Journal reports. AP

CEO David SolomonGoldman is reportedly creating two new committees to help oversee investment banking and markets. reuters

The Wall Street giant merged its banking and trading divisions in 2022, finally returning its focus back to traditional mainstays and away from its ill-fated foray into consumer banking.

Earlier this week, Jim Esposito, co-head of Goldman Sachs’ global banking and markets division, announced plans to retire after nearly three decades at the bank.

Other high-profile leaders have also left Goldman in recent months. Asset management executive Julian Salisbury joined investment firm Sixth Street, and Dina Powell McCormick, the former head of Goldman’s sovereign business, departed for merchant bank BDT and MSD Partners.

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Source: nypost.com

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