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Goldman Sachs shuffles management committee – WSJ

2024.02.02 15:28


© Reuters. The emblem for Goldman Sachs is seen on the buying and selling ground on the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo

(Reuters) -Goldman Sachs is shuffling its management committee, within the newest indication of the facility dynamics on the financial institution, the Wall Street Journal reported on Friday, citing individuals aware of the matter.

Firm veterans Alison Mass and George Lee have left the group, which contains the heads of the financial institution’s fundamental divisions and different prime executives, the report stated.

Goldman can be creating two new committees to assist oversee funding banking and markets, the Journal’s report added.

The financial institution didn’t instantly reply to a Reuters request for remark.

The Wall Street behemoth merged its banking and buying and selling division in 2022, in a shakeup that ultimately shifted its focus again to the standard mainstays and away from an unwell-fated foray into shopper banking.

Earlier this week, Jim Esposito, co-head of Goldman Sachs’ world banking and markets division, introduced plans to retire after virtually three a long time on the financial institution.

Other excessive-profile leaders have additionally left Goldman in latest months. Asset management government Julian Salisbury joined funding agency Sixth Street, and Dina Powell McCormick (NYSE:), the previous head of Goldman’s sovereign enterprise, left for service provider financial institution BDT & MSD Partners.

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