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Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
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Gary David Cohn is an American businessman and philanthropist who served as the 11th Director of the National Economic Council and chief economic advisor to President Donald Trump from 2017 to 2018. He managed the administration's economic policy agenda. Before serving in the White House, Cohn was president and COO of Goldman Sachs, where he worked for more than 25 years. Cohn was appointed vice-chairman of IBM on January 5, 2021.
Lloyd Craig Blankfein is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 until the end of 2018. Previous to leading Goldman Sachs, he was the company's president and chief operating officer (COO) from 2004 to 2006, serving under then-CEO Henry Paulson.
Peter Amory Weinberg is an American businessman. He spent almost twenty years of his career at Goldman Sachs before co-founding Perella Weinberg Partners with merger specialist, Joseph Perella in 2006. The firm provides M&A advisory and alternative asset management services. Weinberg serves as its chief executive officer and founding partner.
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Ramon Martin Chavez is an American investment banker and entrepreneur. He is vice chairman and partner of Sixth Street Partners. Previously, he served in a variety of senior roles at Goldman Sachs, including chief information officer (2014–2017), chief financial officer, and global co-head of the firm's Securities Division. Marty was also a partner and member of Goldman's management committee. He was the chief technology officer and co-founder of Quorum Software Systems and CEO and co-founder of Kiodex. He is chairman of the board of computational pharmaceutical company Recursion, Board Observer of biotech company Earli and longevity biopharma company Cambrian Biopharma, and board member of Alphabet Inc.
David Michael Solomon is an American investment banker and the chief executive officer (CEO) of Goldman Sachs, a position he has held since October 2018. He has also been chairman of the bank since January 2019. Before assuming his role as CEO, Solomon was president and chief operating officer from January 2017 to September 2018, and was joint head of the investment banking division from July 2006 to December 2016. Solomon formally succeeded Lloyd Blankfein, the previous CEO, on October 1, 2018, and was named chairman after Blankfein's retirement.
Goldman Sachs, an investment bank, has been the subject of controversies. The company has been criticized for lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. It has also been criticized by its employees for 100-hour work weeks, high levels of employee dissatisfaction among first-year analysts, abusive treatment by superiors, a lack of mental health resources, and extremely high levels of stress in the workplace leading to physical discomfort.
Michael Dubno is an American inventor, computer scientist, explorer, and video game developer.
Stephen Scherr is the Chief Executive Officer of Hertz and a member of the company’s Board of Directors since February 2022.
References
- 1 2 Baer, Justin (July 22, 2015). "Goldman's Ashok Varadhan, Co-Head of Firm's Securities Arm, Moving to London". The Wall Street Journal.
- 1 2 Hoffman, Liz (May 14, 2018). "Goldman Sachs Shakes Up Leadership in Trading Unit". The Wall Street Journal.
- 1 2 Hoffman, Liz (August 5, 2018). "Goldman Sachs to Name New Trading Co-Head Amid Reboot". The Wall Street Journal.
- 1 2 3 4 5 6 Natarajan, Sridhar (July 1, 2019). "Can Goldman's Trading 'Rainmaker' Bring Back the Glory Days?". Bloomberg.
- ↑ Kelly, Kate (April 13, 2009). "Firms Find Low Profile, Basic Banking Are Paying Off". The Wall Street Journal.
- ↑ Gordon, Amanda L. (November 20, 2018). "Goldman's Varadhan Gives Thanksgiving Homily at Child Gala". Bloomberg.
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