News Formal

Goldman Sachs partner Sumit Rajpal announces his retirement - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Goldman Sachs' Sumit Rajpal is retiring, dealing a blow to CEO David Solomon's plan to build a Blackstone-like alternatives investment platform

simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

Sumit Rajpal, one of three co-heads of a merged alternative investing unit created by Solomon last year, has announced his resignation, according to people with knowledge of the talks. That will be made more difficult with Rajpal's departure. The exit of a fund leader in the middle of a fundraising is usually a faux pas in the world of institutional money, where pensions, endowments and sovereign wealth funds don't like to see turnover when they consider giving money to a manager. Their expectation is the individuals responsible for the returns will continue making investment decisions after clients have given their money.

Through the fall and into the end of the year, the jockeying for power continued. At Goldman's investor day last month, Salisbury was the only one of the three to appear onstage in front of investors. At one point, a Goldman employee suggested that Rajpal and Wolfe now reported to Salisbury.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Goldman Sachs Bloomberg data partnership shows Wall Street opening up - Business InsiderWe talked to the execs behind Bloomberg's new data partnership with Goldman Sachs. Here's why they think it's a sign of Wall Street's future.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Ken Griffin modeled Citadel after old-school Goldman - Business InsiderBillionaire Citadel founder Ken Griffin explains why he modeled his firm after Goldman Sachs' analyst program — and says future leaders can't expect a 9-to-5 lifestyle and a 'great weekend'
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Amazon Prime Air partner lays off nearly 3,000 workers - Business InsiderTexas-based Pinnacle Logistics plans to lay off thousands of workers in Rockford, Illinois and Baltimore, Maryland.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Newsticker - News & Tipps von Business Insider DeutschlandTrending: Big Tech companies are getting older but they can still learn new tricks Is that fortnite. RIP old fornite map. Fortnite really streching for advertising
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »