Two of Goldman Sachs Group Inc‘s (NYSE:GS) top investment bankers are reportedly considering leaving the firm. The bankers are allegedly unhappy about being left out of a new operating committee set up by CEO David Solomon.
What Happened: The exclusion of Mark Sorrell and Gonzalo Garcia from the new committee has prompted them to contemplate leaving the investment bank. Sorrell, the co-head of mergers and acquisitions, and Garcia, the co-head of European investment banking, are both considering this move, reported the Financial Times.
The new committee, established by Solomon earlier this year, is intended to promote a new generation of leaders at Goldman and streamline decision-making. The committee includes about a dozen members, among them tech banker Kim Posnett, private equity specialist Pete Lyon, and Marshall Smith from the healthcare team.
If Sorrell and Garcia do resign, they will join a list of high-profile departures under ...