John S. Weinberg, a top Goldman Sachs dealmaker whose family has helped run the 146-year-old firm for most of its existence, is retiring.
Bloomberg News reports that Weinberg, one of three vice chairmen at the bank, will become a senior director, Chief Executive Officer Lloyd Blankfein and President Gary Cohn said Monday in a memo to employees of the company.
Weinberg, 58, a son and grandson of men who led the firm for more than half a century, has spent 32 years there. He served as co-head of the investment banking division for 12 years and maintained relationships with companies including Ford Motor Co., General Electric Co. and Boeing Co.
'John was responsible for many of our most important clients', the executives wrote in the memo. 'His advice and counsel have been deeply valued by corporate leaders across industries'.
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