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Goldman Sachs Bolsters M&A Team With Key Hires: Report
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Goldman Sachs Bolsters M&A Team With Key Hires: Report
Jul 19, 2024 3:25 AM

The Goldman Sachs Group, Inc. ( GS ) reportedly made several senior leadership appointments within its investment banking team.

The company appointed former JPMorgan Chase & Co. banker Carsten Woehrn as joint co-head of M&A in EMEA to “grow and develop our European franchise,” reported Reuters.

Woehrn previously led JPMorgan’s Infrastructure M&A franchise in Europe, specializing in healthcare, energy, and transportation transactions.

As per the report, Goldman Sachs ( GS ) has appointed Nimesh Khiroya as co-head of M&A in EMEA.

He will continue his role as co-head of UK Investment Banking while previously leading activism and shareholder advisory in EMEA and Nordic M&A.

The memo confirmed Haidee Lee’s return to Goldman Sachs ( GS ) as global co-head of Sponsor M&A. She previously served as co-head of strategic investor group M&A at JPMorgan.

M&A volumes hit $1.6 trillion globally in the first half of the year, up 20% from a year earlier, Reuters reported earlier.

As per report, Equity capital market volumes increased by 10% over the same period. In their quarterly earnings, Wall Street banks noted a more robust deal pipeline and a surge in investment banking activity.

Yesterday, Goldman Sachs Asset Management and Betterment jointly introduced the Goldman Sachs ( GS ) Tax-Smart Bonds portfolio.

This week, the bank reported second-quarter revenue of $12.730 billion, beating the consensus of $12.456 billion and EPS of $8.62, beating the consensus of $8.35.

Related: Goldman Sachs Analysts Boost Their Forecasts Following Better-Than-Expected Earnings

Investors can gain exposure to the stock via IShares U.S. Broker-Dealers & Securities Exchanges ETF and Invesco KBW Bank ETF ( KBWB ) .

Price Action: GS shares are down 0.10% at $485.73 premarket at the last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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