Bloomberg News reports that Jon Eilbeck, who was chief operating officer of the former combined asset and wealth management unit, will hold the same role in asset management, while Reinhard Bellet will remain as head of passive investments, Price wrote in a memo to staff obtained by Bloomberg and confirmed by the company. Pierre Cherki will be head of alternatives, while Stefan Kreuzkamp, who was chief investment officer of the former entity, will represent the “CIO view” as head of active, Price wrote.
In the meantime, Bloomberg News also reports that Goldman Sachs merged its structured- and leveraged-finance groups in the Americas as Craig Packer is departing after a decade at the firm.
Christina Minnis and Vivek Bantwal will oversee a new credit finance group in the Americas, which will combine the existing leveraged- and structured-finance businesses, the New York-based bank said Wednesday in internal memos obtained by Bloomberg. Packer, 49, has been co-head of Americas leveraged finance since 2008, most recently with Minnis, while Bantwal has run structured finance since 2015.