Goldman Sachs just tapped 2 people to lead a new consumer and wealth strategy team- see the full memo
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Goldman Sachstaps Jemma Wolfe and Stephan Lambert to lead a new consumer and wealth strategy team- see the full memo
- Merrill Lynch's pipeline for thousands of new advisors is in limbo
- Carlyle has been on a hiring spree in credit
- Bloomberg's $100 million alt-data deal marks a huge turning point in a once-fringe business
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Other Goldman news this week:
- Tucker York and Stephanie Cohen announced a new strategy team to help grow consumer and wealth - and the two leaders who will be hunting for acquisitions and partnerships
- Goldman named six people to lead product development in its consumer and wealth management group - a sign of big innovations to come from the growing division
Carlyle's credit team has been around since 1999, but over the past four years its investing professionals have assembled as a single global unit. The firm has shifted personnel internally and snapped up outside hires from shops like Apollo Global Management, BlackRock, and Bain Capital to facilitate an expansion that has enabled the firm to extend a wide variety of loans to companies.
Merrill Lynch's pipeline for thousands of new advisors is 'in limbo' as the firm overhauls its training program
Bank of America's sprawling wealth management arm has maintained its months-long pause on financial advisor trainees' client outreach, a temporary hold that can complicate the business growth that new advisors need to thrive.
The temporary pause on prospecting has remained in part because novice advisors are still violating do-not-call list restrictions
No longer the Wild West, the alternative-data industry is becoming increasingly institutional as big-name companies jump into the space. Bloomberg, for one, ended 2020 with a more than $100 million acquisition, buying alt-data company Second Measure.
Wall Street people moves:
- Senior RBC junk-bond trader Todd Bondy has left to join MUFG, which is revamping its credit business
- A former Blackstone exec has resurfaced at General Atlantic's credit-investing venture after an unprecedented non-compete spat
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