Goldman Sachs’ long term hinges on a lower-profile, substantial-development small business

Critical Details

Goldman faces an inflection place: Boom-or-bust pursuits like buying and selling or advising on mergers have fallen out of favor with investors.
Which is why Goldman CEO David Solomon has hitched his fortunes to asset and prosperity management right after dropping an sick-fated retail banking work.
Fears surfaced lately after previous asset administration co-head Julian Salisbury departed Goldman for a scaled-down rival. His previous co-head, Luke Sarsfield, also still left before this yr, encouraging gasoline concerns about a mind drain at Goldman.

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