Goldman Sachs (GS.N), opens new tab is tapping several executives to lead its prized Wall Street businesses, it said on Tuesday, as part of a management reshuffle less than a week after reporting its biggest quarterly profit in more than three years.
The move comes at a time the investment bank is preparing for a flurry of dealmaking in 2025 on the back of a resilient economy and prospects of business-friendly policies under the Trump administration.
“This group of leaders represents the very best of our culture of excellence, client service and teamwork,” said Goldman CEO David Solomon, who last week was given an $80 million stock bonus to stay at the helm for another five years.
The bank named Matt McClure, Anthony Gutman and Kim Posnett its global co-heads of investment banking.
Jason Brauth, Kunal Shah and Anshul Sehgal will become global co-heads of fixed income, currency and commodities, while Dmitri Potishko, Cyril Goddeeris and Erdit Hoxha will become global co-heads of equities.
All the new appointees will join the bank’s management committee.
Goldman has sharpened its focus on its Wall Street businesses over the past few years after an ill-fated foray into consumer banking led to billions in losses.
Analysts expect 2025 to be another strong year for the company and its Wall Street peers. Solomon has previously said dealmaking in equities and mergers and acquisitions could exceed 10-year averages this year.
