Goldman London Dealmaker Rizzo Said to Plan Departure From Firm

Luigi Rizzo, a Goldman Sachs Group Inc. investment banker specializing in financial-sector mergers, is planning to leave the firm, according to a person familiar with the matter.

Rizzo, who is based in London, isn’t likely to be immediately replaced, said the person, who asked not to be identified discussing a private matter.

The portion of revenue allocated to employee compensation at the bank was 38 percent last year, the lowest since 2009, even as overall sales grew 19 percent.

Rizzo’s departure was reported earlier by Reuters. He was named as a partner in 2008.

To contact the reporter on this story: Matthew Campbell in London at mcampbell39@bloomberg.net

To contact the editors responsible for this story: Jacqueline Simmons at jackiem@bloomberg.net; Edward Evans at eevans3@bloomberg.net

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