Goldman Names Berlinski to Succeed Selman in Equities Role

Updated on
  • Peter Selman to leave after 22 years at the Wall Street firm
  • London-based Berlinski will share duties with Brian Levine

Goldman Sachs Group Inc. promoted Philip Berlinski to succeed Peter Selman as co-head of global equities trading and execution services.

Berlinski, who first joined the firm in 1998, is currently head of equities trading for Europe, Middle East and Africa. He will continue to be based in London and work with co-head Brian Levine in New York, according to memos sent to staff Thursday. Selman is leaving after 22 years at Goldman Sachs.

Berlinski’s “experience, knowledge and leadership complement Brian’s, providing a strong global leadership team to meet the evolving needs of our clients and changes in market structure,” Paul Russo and Michael Daffey, the firm’s co-chief operating officers for equities, said in one of the memos.

The management shift is the second this week for the Wall Street bank, which said Wednesday that Tom Cornacchia, co-head of sales for fixed-income, currencies and commodities, is leaving after 14 years. John Willian, global head of prime services, will succeed him.

Goldman Sachs brought in $7.8 billion in revenue from equities trading last year, second only to Morgan Stanley among the world’s largest investment banks. The firm generated 3.5 billion in revenue from equities through the first six months of 2016.

(Updates with comment in third paragraph, equities revenue in fifth.)
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