Goldman Sachs head lawyer to leave bank: Bloomberg

March 2, 2021 5:18 PM EST

FILE PHOTO: A Goldman Sachs sign is seen above the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York January 24, 2014. REUTERS/Lucas Jackson

NEW YORK (Reuters) - Goldman Sachs Group Inc's general counsel Karen Seymour is leaving the bank, according to a report from Bloomberg citing people familiar with the matter.

As Goldman's top lawyer, Seymour played a key role in the bank's negotiations to settle U.S. and international investigations into the role Goldman Sachs bankers played Malaysia's 1MDB corruption scandal.

Goldman agreed to pay $2.9 billion last year in a settlement with the U.S. Department of Justice and other U.S. and overseas regulators in part for breaking anti-bribery laws.

A Goldman Sachs spokeswoman declined to comment.

Seymour joined Goldman Sachs in 2018 from Sullivan & Cromwell LLP, where she was a partner. She previously led the criminal division at U.S. Attorney's Office for the Southern District of New York, where she prosecuted Martha Stewart in 2004.

Seymour was a member of Goldman's management committee, and is the second top executive and member of that group to reportedly leaving the bank this week.

Eric Lane, global co-head of Goldman's asset management arm, is leaving his role at the bank to join investment firm Tiger Global Management, Reuters reported on Monday.

(Reporting By Elizabeth Dilts Marshall; Editing by David Gregorio)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

General News, Reuters

Related Entities

Goldman Sachs, Tiger Global Management