Goldman Sachs Ousts Senior Mideast Banker Over Compliance Breach
- Martin Weber’s departure follows internal review by the bank
- Goldman’s banking business in region has stumbled recently
Photographer: Jaap Arriens/NurPhoto via Getty Images
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Goldman Sachs Group Inc. dismissed a senior banker in the Middle East over compliance violations, according to people with knowledge of the matter, adding to the U.S. bank’s woes in the region.
Martin Weber, who’d been with the bank for about 20 years, ran the financing division in the Middle East and North Africa, the people said, asking not to be identified because the matter is private. Weber relocated to Dubai last year to take on the role and reported to regional management, as well as executives in London, they said.