Finance

Goldman’s Dina Powell McCormick Exits for Merchant Bank Role

  • Executive plans to join firm run by Byron Trott, Gregg Lemkau
  • McCormick was Donald Trump’s deputy national security adviser
Dina Powell McCormickPhotographer: Christopher Pike/Bloomberg
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Dina Powell McCormick, who runs Goldman Sachs Group Inc.’s sovereign business, plans to leave to take a post at a merchant bank run by former partners of the Wall Street firm.

McCormick, who was also on Goldman’s management committee, is joining BDT & MSD Partners, people familiar with the matter said. The company, which is backed by technology billionaire Michael Dell, was founded by merging firms led by Byron Trott and Gregg Lemkau.