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Monday, January 28, 2013

Goldman Sachs financial services dealmaker set to leave- sources, (NASDAQ: FISI)

Veteran Goldman Sachs dealmaker Luigi Rizzo, managing director of European financial mergers and acquisitions, is to leave the U.S. investment bank, five people familiar with his departure told Reuters. Rizzo, who joined Goldman Sachs in 1993 and became a partner in 2008, has worked on some of Europe's biggest bank deals.Goldman Sachs declined to comment.Goldman's financial institutions team in Europe has advised on a range of major transactions, including a recapitalisation plan for Spain's Bankia, Barclays' deal with ABSA in South Africa and a three-way merger of Spain's Liberbank, Ibercaja and Cajatres.Rizzo might take on another role in corporate finance, some of the people said. Rizzo did not respond to an email seeking comment.

Financial Institutions, Inc. (FII) is a financial holding company. Shares of FISI remained unchanged at $19.25. In the past year, the shares have traded as low as $15.22 and as high as $19.60. On average, 20802 shares of FISI exchange hands on a given day and today's volume is recorded at 0.