On Tuesday, Goldman Sachs (NYSE:GS) announced a series of promotions within its global banking & markets division, marking a significant shift towards a new leadership generation.
The Wall Street Journal reported that the firm has appointed new co-heads for its investment banking, as well as leaders for its fixed income, currencies, and commodities (FICC) group and equities.
Shares slipped 1% in pre-market trade.
In an internal memo, Goldman Sachs named Kim Posnett, Matt McClure, and Anthony Gutman as co-heads of investment banking. Posnett is the current global head of technology, media, and telecommunications, McClure leads the global industrials group, and Gutman is at the helm of investment banking for Europe, the Middle East, and Africa.
To spearhead the FICC group, the bank has chosen Jason Brauth, Kunal Shah, and Anshul Sehgal. The equities division will now be led by Dmitri Potishko, Cyril Goddeeris, and Erdit Hoxha.
These executives will also join Goldman Sachs' management committee, elevating them to some of the highest-ranking positions within the bank. Further internal memos released on Tuesday morning indicated that additional individuals have been added to the management committee, expanding its composition.
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