Goldman Sachs CEO shuffles client banking, wealth administration leaders
Mike Blake | Reuters
The strikes introduced Tuesday in firm memos made chief technique officer Stephanie Cohen co-head of the agency’s client banking and wealth administration division together with Tucker York. Cohen, a rising star inside Goldman, would be the first girl to run a division on the New York-based financial institution because the 2018 departure of buying and selling co-head Isabelle Ealet.
Solomon’s strikes are the newest modifications he has made to Goldman’s construction almost two years into his tenure atop the financial institution. He has simplified the financial institution into 4 main divisions: Funding banking, buying and selling, asset administration and client banking and wealth administration.
Goldman can be merging its non-public fairness operations with its money-managing division right into a unified asset administration division to be led by Eric Lane and Julian Salisbury.
The financial institution additionally introduced that its client banking head Harit Talwar was stepping down after a five-year run constructing the Marcus enterprise from the bottom up. Omer Ismail, his deputy and a 13-year Goldman veteran, is taking on as head of Marcus.