Deals
Goldman Sachs Bankers Said to Depart on Guidelines Breach
- Two bankers in Dubai, one in London said to leave in December
- Staff said to not identify themselves at Americana meeting
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Three bankers have left Goldman Sachs Group Inc. after the U.S. firm determined they breached internal guidelines in connection with the bank’s advisory role on the planned acquisition of a consumer company in the Middle East, according to people with knowledge of the matter.
The bankers who departed in December were involved in advising a potential buyer on an investment in fast-food company Kuwait Food Co., which operates KFC restaurants in the Middle East, said the people, who asked not to be identified because the matter is private. Two employees were based in Dubai and another in London, the people said.