Two of Goldman Sachs’ top investment bankers in London are leaving the bank after being excluded from a new monopoly committee set up by CEO David Solomon, according to reports. Threatened me.
Mark Soler, co-head of the major M&A business, and Gonzalo Garcia, co-head of the Europe, Middle East and Africa deal team, are both leaving the firm after being removed from emerging investment banking. I told the companion that there was a possibility. steering committee, financial times report.
Mr. Sorrell is the son of advertising executive Sir Martin Sorrell, a key dealmaker in Goldman’s London business, while Mr. Garcia joined Natural Resources in 2020, where he ran EMEA investment banking with Anthony Gutman. We are a specialized top deal maker. Both men have worked at the bank for more than 20 years.
read Sports trading, Brexit, junior bankers and more from Goldman Sachs’ top European dealmakers
Mr. Solomon created new steering committees for both Goldman’s investment banking and trading businesses as a way to delegate more responsibility to the next generation of talent and streamline decision-making. F.T. Said. Gutmann and Sorel co-chair Stefan Feldgois have both been appointed to serve on a committee of about a dozen members, the paper said.
Goldman has been contacted for comment.
Goldman has lost a number of senior employees from its London operations in recent weeks, with global banking and markets co-head Jim Esposito announcing his resignation in January and partner Ben Thorpe, who has been with the bank for 30 years. He is a veteran who has led the business. emea’s healthcare trading team left Guggenheim Securities in February.
Lower down the pecking order, EMEA’s head of equity syndication, Mark Maizlish, has also resigned from hedge fund Citadel, and been replaced by Laura Vincent, FN reported.
Separately, Beth Hammack, Goldman’s co-head of finance and a leading candidate for chief financial officer, is also leaving. bloomberg It was reported on February 21st.
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