Gregg Lemkau, the co-head of funding banking at Goldman Sachs who was seen as a possible future chief govt, is leaving the financial institution after virtually three a long time to hitch Michael Dell’s household workplace, individuals conversant in the transfer mentioned.
The mergers and acquisitions banker, who joined Goldman as an analyst in 1992 and went on to take a variety of management positions, is transferring to MSD Capital, the funding agency that manages the computing entrepreneur’s wealth.
Mr Lemkau’s departure is a part of a broader shift at Goldman, which has seen executives in its financing division stand up the ranks to take up prime jobs within the funding banking division, an space beforehand dominated by mergers and acquisitions bankers.
Jim Esposito, co-head of the worldwide securities division, will change Mr Lemkau in the beginning of 2021, in response to a memo despatched to the workers by Goldman’s chief govt David Solomon. Mr Esposito will work together with Dan Dees, who has been co-head of the funding banking unit since 2018.