Goldman Sachs is planning to reorganize its biggest businesses into three divisions as part of a major overhaul at the company.
Goldman's restructuring plans are expected to be announced in the next few days. The firm will release its third-quarter earnings on Tuesday. Changes to the company's top brass are unknown, but at least a few executives will assume new positions. Marc Nachmann, currently the bank's global co-head of the Global Markets Division, will help run the combined asset- and wealth-management division.
The Wall Street firm will combine its investment banking and trading businesses into one unit, and asset and wealth management will be merged into another.
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