Goldman Sachs replenishes top ranks of consumer bank division
- Futures dip as focus turns to retail earnings
- Bitcoin (BTC) Hits 3-Month Lows Before Bouncing as Musk Confirms Tesla Has Not Sold Any BTC
- AT&T (T) in Talks to Merge Media Assets with Discovery (DISCA) - WSJ
- Bill Gates Left Microsoft (MSFT) Board Amid Probe Into 'Intimate Relationship': WSJ
- Oil prices stable on confidence in demand recovery
FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
By Elizabeth Dilts Marshall
NEW YORK (Reuters) - Goldman Sachs Group Inc is rehiring a former executive in its consumer bank division and promoting several others, as the company seeks to replenish its top leadership after several key departures in recent months.
Brian King is rejoining Goldman as its consumer chief risk officer and head of business operations. King led risk oversight for Goldman's consumer bank division from 2018 to 2020, when he left to become the chief risk officer for Wells Fargo & Co's consumer and small business banking division.
In addition, Goldman's Chantal Garcia was named chief operating officer and head of talent strategy in the consumer bank division, and Scott Young will serve as the chief commercial officer there.
In other moves in the consumer bank division, Abhinav Anand will lead lending and Marcos Rosenberg will lead deposits and investments in the United States.
The moves were announced in two memos sent to staff earlier in the week. They were seen by Reuters and verified by a bank spokesman.
Roughly two months ago, consumer bank chief Omer Ismail and one of his top lieutenants, David Stark, left Goldman to lead Walmart Inc's fintech venture.
Ismail was named Goldman's consumer bank chief last year when his predecessor Harit Talwar became chairman of the division. With Ismail gone, Talwar is once again running the unit.
King, Garcia and Young will report to Talwar, and Anand and Rosenberg will report to Swati Bhatia, a former PayPal executive Goldman hired in February.
(Reporting by Elizabeth Dilts Marshall; Editing by Paul Simao)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- European stocks slip into negative territory as Asia worries weigh
- Shares in Italy's RCS, controlling firm fall after tribunal ruling
- Israeli air strike kills Islamic Jihad commander in Gaza
Create E-mail Alert Related CategoriesReuters
Related EntitiesGoldman Sachs, Wells Fargo
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!