Profile of Goldman Sachs executive Ram Sundaram - Business Insider

In 2018, Sundaram helped arrange a financing deal for a Brazilian power plant with similarly lofty profits. In this case, Goldman returned some to the client, according to a person familiar with the transaction. And there was a scuttled financing deal with WeWork last year that would have meant $500 million in fees and warrants for Goldman's coffers, according to a person familiar with the deal. The two sides didn't come to an agreement.

To some, his continued rise is further evidence that at Goldman, profits still come before everything else.Sundaram is a product of the prestigious Indian Institute of Technology system who traveled to the US to attend the University of Rochester's business school. He joined Wall Street and worked his way up at Morgan Stanley before joining Goldman in 2001. He soon began building PFI.

: Goldman Sachs designed its glitzy London office with tons of amenities, but little parking. In a post-pandemic world, it could be a big snag as the firm looks to bring workers back in. He may also have flouted Goldman's informal culture of reaching consensus, clashing with other partners in the division. He repeatedly went behind the back of Justin Gmelich, a former global credit chief, to sway higher-ups on decisions about where a trade would live or what activities Sundaram could be involved in, according to a person familiar with his actions.

The deal required WeWork to place its most prized assets, including building leases and intellectual property such as the "We" name that cofounder Adam Neumann trademarked and sold back to the company, in a separate legal entity. If WeWork violated the loan terms, Goldman would be able to seize the assets.

Months later, after WeWork's initial public offering fell apart, more than two dozen bankers and WeWork executives convened at JPMorgan's headquarters to sort through the firm's financing options. Showing up without an invite, Sundaram showed off his combative style, according to someone who was there, and proclaimed that the only viable option was a SoftBank bailout.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No one cares.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon will jump 28% in tied Street-high price target, Goldman Sachs says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Next: Goldman sell its entire AMZN position $4000 Tax that monster.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Goldman Sachs is considering an AI assistant for Marcus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. shaneraymartin there you go Mr. Fancy Pants. Another point for Marcus
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's best investing stories of the week ended July 21 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Instagram influencers can directly tag and sell their own products - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Want to earn money from Instagram? Look no further:
Source: BusinessInsider - 🏆 729. / 51 Read more »