Whoever succeeds Kevin Sneader at the helm of McKinsey should give Goldman Sachs boss David Solomon a call. In October last year, it paid a record $2.9bn in a global regulatory settlement over the 1MDB money-laundering scandal.
The head of Goldman Sachs’ consumer finance division, Omer Ismail, and one of its top executives, David Stark, are both leaving to join a fintech start-up backed by Walmart and Ribbit Capital. Walmart and Ribbit have provided little information about the start-up, which was announced in January, other than to say that it would “deliver tech-driven financial experiences tailored to Walmart’s customers and associates.” Ismail was tapped to lead Goldman’s consumer division, known as Marcus, less than six months ago, taking over from founding chief Harit Talwar.
Rocket Companies sees a big boost from the red-hot U.S. housing market.