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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Goldman Sachs Group Inc | NYSE:GS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
7.85 | 1.87% | 427.90 | 428.53 | 419.64 | 420.23 | 2,322,677 | 00:49:51 |
By Justin Baer
Goldman Sachs Group Inc. promoted John Waldron to co-head of investment-banking, replacing John S. Weinberg, a vice chairman whose father and grandfather once led the Wall Street firm.
Mr. Weinberg, 57 years old, will move to a new client-development role. He will remain one of Goldman's three vice chairmen. Mr. Waldron, 45, joined Goldman in 2000 and was named a partner two years later. He most recently served as head of investment-banking services.
Mr. Waldron's promotion comes as Goldman's investment-banking arm enjoys one of its best years on record. The firm's merger bankers passed a rare milestone earlier this month, advising companies on deals with a combined value of more than $1 trillion. It was the first time any investment bank had reached that tally since 2007.
Write to Justin Baer at justin.baer@wsj.com
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