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Goldman Sachs shuffles management to strengthen Wall Street business

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Goldman Sachs is tapping a slew of executives to lead its most important Wall Street businesses, it said on Tuesday.
Goldman Sachs is undergoing a significant management reshuffle to bolster its Wall Street operations, as reported by Reuters on January 21, 2025. The firm is promoting several executives to key positions to enhance its focus on investment banking and trading, its traditional strengths. This includes elevating Ericka Leslie to lead the global banking and markets division, and appointing Russell Horwitz as the new chief of staff, replacing John Rogers who is retiring. Additionally, there are changes in the leadership of the asset and wealth management division, with Luke Sarsfield taking over as CEO. These moves are part of CEO David Solomon's strategy to streamline operations and improve performance following a challenging period marked by a drop in profits and a strategic pivot away from consumer banking.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/goldman-sachs-shuffles-management-strengthen-wall-street-business-2025-01-21/ ]