Goldman Sachs shakes up M&A ranks with new global co-chairs: memo

FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photohas promoted veteran bankers Michael Carr, Dusty Philip and Gilberto Pozzi to co-chair its global mergers and acquisitions business, a memo seen by Reuters showed.

Stephan Feldgoise and Mark Sorrell will replace them as Goldman’s new co-heads of global M&A, the memo said, taking on the job of navigating the complexities of getting deals done despite travel restrictions and the uncertainty posed by COVID-19. The appointments of new co-chairs will help Goldman to free up some of its most senior bankers and shift them into new jobs focused purely on bringing in business.

Feldgoise, a 23-year Goldman veteran and a member of the investment banking executive committee, will drop his current job as co-head of M&A for the Americas but will continue as global head of the bank’s consumer and retail group.

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