Scotiabank hires New York-based investment banker from Credit Suisse

The high-flying capital markets activity during the pandemic that helped prop up banking earnings has slumped over the past year as volatile financial markets and high inflation stunted deals. Goldman Sachs Group Inc.’sprofit plummeted in the recent quarter on a drop in investment banking, but its chief executive officer signalled that the business has hit its lowest point and that he expects deal-making to ramp up in the year ahead.

Mr. Gohman has worked in investment banking for almost two decades and in leveraged finance at Credit Suisse for 17 years. During his time at the bank, he “was instrumental in establishing and building long-term, profitable relationships and leading highly effective teams,” Scotiabank global investment banking co-heads Jim Kelly and Dany Beauchemin said in the memo.

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