Bloomberg News reports that Goldman Sachs named Waldron, the 45-year-old global head of investment-banking services and client coverage, as the third co-head of investment banking with Richard Gnodde and Solomon.
He’s replacing John S. Weinberg, one of the unit’s longest-serving leaders who’s taking a new role to strengthen relationships with clients.
CEO Lloyd C. Blankfein, 60, has relied on a pickup in deals and market-share gains by his bankers to offset a slump in trading revenue, which is heading for its fourth annual drop in five years. The firm is beating its second-ranked competitor in advising mergers and acquisitions by the widest margin in 16 years.
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