Goldman Sachs has hired former Wells Fargo executive Paul Camp as its new head of transaction banking, according to a memo seen by Reuters. The bank had fired several executives in the transaction banking unit in September after they violated the firm's communications policy, according to a memo seen at the time by Reuters. The executives included the head of the unit Hari Moorthy, sources had told Reuters.
Goldman Sachs appointed Greg Olafson its global head of private credit as it aims to expand a business that has $110 billion of assets under management, according to a memo seen by Reuters. The Wall Street giant also appointed James Reynolds as global head of direct lending and Kevin Sterling as global head of investment grade private credit and asset finance, according to a memo from Marc Nachmann, the bank's global head of asset and wealth management.
(Bloomberg) -- Goldman Sachs Group Inc.’s asset management arm is reshuffling senior executives in its $110 billion private credit unit as it seeks to double the size of the business in the medium term, according to its global head of asset and wealth management.Most Read from BloombergAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesBitcoin’s Largest Decline in Four Months Frays Startling RallyJack Ma’s Biggest E-Commerce Rival Is Coming for AmazonWall Street Holds Back on Big Bets