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Goldman Sachs has unveiled a new generation of leaders in a major shakeup at the Wall Street bank.
The lender will appoint new global heads for its equities, fixed income and banking divisions, along with a leadership reshuffle at its international unit, Goldman said on Tuesday.
The changes underscore Goldman’s efforts to refresh its executive bench and position itself for future challenges as the firm navigates changing market dynamics in hopes of capitalizing on a period of deregulation under the Trump administration.
Erdit Hoxha, Cyril Goddeeris and Dmitri Potishko will take over the management of the stock division. Kunal Shah, Anshul Sehgal and Jason Brauth will lead the fixed income unit. Meanwhile, Kim Posnett, Matt McClure and Anthony Gutman have been tapped to oversee the investment banking franchise.
In a significant transition, Shah and Gutman will also assume the roles of co-CEOs of Goldman Sachs International. They succeed Richard Gnodde, a 64-year veteran of the bank who is stepping down after more than a decade leading the international business. Gnodde will take over as vice president.
“This group of leaders represents the best of our culture of excellence, customer service and teamwork. They have made outstanding contributions throughout their careers to our clients’ franchise, operations and market leadership positions across our business,” said CEO David Solomon.
This is a developing story
