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The Goldman Sachs Group, Inc. (NYSE:GS) reportedly made several senior leadership appointments within its investment banking team.
The company appointed former JPMorgan Chase & Co. (NYSE:JPM) 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 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 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 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 (NYSE:IAI) and Invesco KBW Bank ETF (NASDAQ: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.
Photo Courtesy: Sergei Elagin On Shutterstock.com
