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New Goldman Sachs CEO Picks Investment Bankers Over Traders in Naming His Deputies
5 monthes ago - By Fortune
Goldman Sachs Group's investment bankers are completing a takeover of their own firm.
Three of the most important roles now are going to be held by executives who rose through the dealmaking unit, overhauling the masthead of a firm that for years was Wall Street's dominant trading powerhouse. The reversal, which began in the wake of the financial crisis, is complete with a changing of the guard at the very top.
Incoming Chief Executive Officer David Solomon named John Waldron on Thursday to be the firm's next president and chief operating officer, the second-most-powerful position in the...
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