Goldman Moves Banker With Coveted Role to Lead Sales in Key Unit
- Bank moves TMT banking co-head Gibson into asset management
- Swap comes at time of key focus on unit earmarked for growth
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Goldman Sachs Group Inc. is moving a banker with one of the most high-profile investment-banking roles at the firm into a critical sales job outside the dealmaking group.
Matt Gibson, the global co-head of the technology, media and telecom group, is being plucked out of that seat to help spearhead sales for the business of investing assets for clients, according to people with knowledge of the matter. Chief Executive Officer David Solomon has identified the newly retooled Asset & Wealth Management unit as the key to help improve the stock’s desirability, especially after throwing in the towel on a broad consumer-banking effort.