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Goldman Sachs’s Rich Friedman gives up day-to-day oversight of private-investing business as rising executives step in

Rich Friedman goldman sachs merchant banking

  • Rich Friedman, who has run Goldman’s principal investing area since 1991, is stepping back from day to day management of what is now known as the merchant bank. He’ll remain on the management committee and work more closely with CEO David Solomon on firmwide strategy.
  • Sumit Rajpal and Andrew Wolff will become head of the merchant bank, keeping a continued focus on private equity, while Tom Connolly continues to oversee the private credit business.
  • Julian Salisbury, head of the special situations group, will add oversight of real estate lending and investing activities firmwide.

Goldman Sachs’s Rich Friedman, who has run the read more >>>

Source:: BusinessInsider.Com