Goldman (GS) enters a partnership with Mubadala to form a $1 billion fund that will invest in private credit deals in multiple Asia-Pacific markets.
Goldman Sachs has named senior wealth executive Meena Flynn as co-head of the firm's client services initiative, One Goldman Sachs, according to an internal memo, in the latest series of executive changes at the firm. Flynn, who is also global co-head of private wealth management, succeeds Kim Posnett, who has been co-head of One Goldman Sachs since 2021, the memo said. Sam Morgan is the other co-head of One Goldman Sachs, while Posnett remains as global head of the technology, media and telecommunications group within global banking and markets, the biggest revenue driver for the firm.
(Bloomberg) -- Goldman Sachs Group Inc. has clinched $1 billion from Mubadala Investment Co. to scour for more private credit deals in Asia.Most Read from BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniJacob Rothschild, Financier and Philanthropist, Dies at 87Freddie Mercury’s London Residence Lists at £30 MillionJack Ma-Backed Ant Outbids Citadel Securities for Credit Suisse’s China JVThe Abu Dhabi sovereign wealth fund and Goldman’s asset-management arm struck a partnersh