Goldman merging retail and health-care investment banking teams

"We are seeing convergence between sub-sectors," write Goldman Sachs (GS) co-heads of investment banking Richard Gnodde, David Solomon, and John Weinberg in a memo announcing the change.

The move comes amid a boom in deals this year, particularly in the pharmaceutical sector. Goldman is top-ranked in health care this year - the sector this quarter has seen $200B in deals announced, the most ever, says Bloomberg.

Leading the new group will be co-heads of the retail team Kathy Elsesser and Francois-Xavier de Mallmann, along with health care chief Marshall Smith.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs