Goldman head of sovereign business Powell McCormick moves to merchant bank

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Dina Powell McCormick, the head of Goldman Sachs Group Inc's sovereign business, is leaving to join merchant bank BDT & MSD Partners, the company said on Tuesday.

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/sovereign business, is leaving to join merchant bank BDT & MSD Partners, the company said on Tuesday.

"She has demonstrated a tireless commitment to her clients, building strong and trusted relationships with many of the world's leading families, founders, and long-term oriented investors," said Byron Trott, chairman and Co-CEO of BDT & MSD. Powell McCormick, who also led Goldman's sustainability efforts, initially joined Goldman Sachs in 2007. For the next decade, she led its impact investing business and the environmental markets group, which deployed more than $5 billion in market-based loans and equity to drive sustainable economic development, according to the bank.

 

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