Goldman Sachs faces a possible leadership crisis after two more top executives reportedly said they are leaving the Wall Street giant amid embattled CEO David Solomon’s push to overhaul its k…
. Last week, Goldman reported its worst earnings in three years.
Solomon combined Goldman’s asset and wealth management divisions this past October — a move meant to signal the bank’s pivot away from a sole focus on investment banking and trading. The bank said it aims to generate $10 billion next year in fees from clients who have plowed investments into the asset and wealth management division.
Takashi Murata, who is co-head of Goldman’s Asia-Pacific private investments unit, is also due to depart.“Goldman Sachs professionals are in high demand, and while some will always find opportunities elsewhere, we feel good about the continuity of the team and the people we can attract,” Nachmann added.Linkedin
The results were the bank’s worst since the second quarter of 2020, when it took writedowns over a corruption scandal linked to Malaysian state fund 1MDB.
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