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...Mark Sorrell, the London-based co-head of mergers and acquisitions and son of advertising executive Sir Martin Sorrell, and Gonzalo Garcia, co-head of European investment banking, have told Goldman they...
...The recent unrest is particularly acute in Europe, where two other partners — Mark Sorrell, co-head of global mergers and acquisitions, and Gonzalo Garcia, co-head of European investment banking — have both...
...But it is also explicitly religious: once decanted, the oil will be used to mark the sign of the cross on King Charles’s head, chest and hands....
...But Morgan Stanley’s successful strategic revamp is an outlier, and there are question marks over the sustainability of its old-economy wealth management business....
...Goldman Sachs stock has outperformed its peers under David Solomon’s reign....
...Mark Sorrell, the London-based co-head of mergers and acquisitions, and Gonzalo Garcia, co-head of European investment banking, would be the latest high profile departures under Solomon....
...People within the bank say it’s the departure of Jim Esposito, a longtime Solomon lieutenant and veteran of the bank, that has upset the balance inside Goldman....
...Solomon, meanwhile, joined Goldman in 1999 from Bear Stearns....
...“We are committed to developing onshore,” said Citi’s chief financial officer Mark Mason during an earnings call this month....
...Mark Gregory and Vicky Jarman are stepping down from the board of UK gambling group Entain....
...The sale of GreenSky, which lends to customers making home improvements, would mark a further step in chief executive David Solomon’s plans to pare back Goldman’s ambitions in consumer banking....
...“Banks are having to come face to face with the fact that there are things that don’t work as well when no one is in the office,” said Mark Mortensen, associate professor of organisational behaviour at Insead...
...A January round of bloodletting would allow Solomon to present a leaner cost structure when he hosts the bank’s investor day in February....
...Mark Booth, co-founder of housebuilder Hayfield, said the money fell “short of the wider reform of the system we need”....
...and Mark Rowan of Apollo Global Management....
...The biggest black mark on Solomon’s efforts to transform Goldman was his expansion of the consumer banking business, a project that started under predecessor Lloyd Blankfein with the Marcus savings account...
...Solomon, according to people familiar with the matter....
...“I remain fully confident that continued execution will enable us to deliver on our through-the-cycle return targets,” David Solomon, Goldman Sachs chief executive, told investors a few weeks ago....
...It marks a new chapter for PSG, which has been one of the biggest-spending clubs across all of Europe ever since state-backed Qatar Sports Investments took over in 2011 for just €70mn....
...Solomon will try to reassure them that a painful fall in profits in the fourth quarter does not mean Goldman is moving in the wrong direction....
...“The first time I read Mark’s book, Every Shot Counts, it changed the way I watch golf,” says Chris Solomon, co-founder of the popular No Laying Up golf podcast....
...Mark Barnaba, deputy chair of Fortescue, told the Financial Times that the executive departures made sense for the company....
...Mark M Spradley Chevy Chase, MD, US...
...Salisbury’s exit marks the latest from Goldman’s asset management business and is a blow to chief executive David Solomon’s efforts to build up the division, write my colleagues Joshua Franklin and Antoine...
...“Never before has there been such uncertainty over the fate of such a large acquisition so close to a supposed deadline for it to be closing,” said Mark Kelly, chief executive of MKP Advisors....
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