Investing
Goldman Sachs shuffles management committee – WSJ
![](https://personalfinancedefined.com/wp-content/uploads/2024/02/LYNXMPEA6L087_L.jpg)
© Reuters. The logo for Goldman Sachs is seen on the trading floor at 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, in the latest indication of the power dynamics at the bank, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Firm veterans Alison Mass and George Lee have left the group, which comprises the heads of the bank’s main divisions and other top executives, the report said.
Goldman is also creating two new committees to help oversee investment banking and markets, the Journal’s report added.
The bank did not immediately respond to a Reuters request for comment.
The Wall Street behemoth merged its banking and trading division in 2022, in a shakeup that eventually shifted its focus back to the traditional 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 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 (NYSE:), the former head of Goldman’s sovereign business, left for merchant bank BDT & MSD Partners.
Read the full article here
![](https://personalfinancedefined.com/wp-content/uploads/2023/02/pf-logo.png)
-
Personal Finance5 days ago
Americans reveal their biggest financial regret about potential retirement
-
Investing6 days ago
Israel stocks lower at close of trade; TA 35 down 0.88% By Investing.com
-
Side Hustles6 days ago
5 Key Strategies for Attracting and Retaining Top Talent
-
Passive Income4 days ago
5 Ways to Push Past Your Comfort Zone
-
Make Money6 days ago
A Labor Day Salute to You — the American Worker
-
Personal Finance6 days ago
Fed interest rate cuts won't help your credit card debt
-
Passive Income6 days ago
Work Smarter with 12 Months of Microsoft 365 for Just $45
-
Side Hustles5 days ago
Don’t Wait to Fire That Toxic Client — It’s Vital For Your Business Health