Goldman Hires Discover’s Talwar for Online Lending Effort

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Goldman Sachs Group Inc. hired Harit Talwar, the head of Discover Financial Services’ U.S. cards division, to help develop an online lending effort for individuals and small businesses.

Talwar will join as a partner and will work with “a group of senior leaders across the firm who will provide oversight,” according to an internal memo from Chief Executive Officer Lloyd C. Blankfein and President Gary Cohn. Discover said last week that Talwar is resigning effective May 8.