Goldman Sachs is shuffling its management committee, in the newest indication of the facility dynamics on the bank, the Wall Street Journal reported Friday, citing people acquainted with the matter.
A source acquainted with the matter told Reuters that company veterans Alison Mass and George Lee have left the group, which comprises the heads of the bank’s predominant divisions and other top executives.
Goldman can also be creating two latest committees to assist oversee investment banking and markets, the Journal’s report added.
“Final decisions haven’t been made and nobody has yet been asked to affix the management committee,” a spokesperson for the bank said in a press release.
Two veterans have left the management committee, The Wall Street Journal reported. AP
Goldman is reportedly creating two latest committees to assist oversee investment banking and markets. REUTERS
The Wall Street behemoth merged its banking and trading division in 2022, in a shakeup that eventually shifted its focus back to the normal mainstays and away from an 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 almost three a long time on 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 previous head of Goldman’s sovereign business, left for merchant bank BDT & MSD Partners.
