Goldman Sachs Group Inc named bankers Fabio Bicudo and Antonio Pereira as co-heads of investment banking in Brazil, according to a memo obtained by Reuters on Wednesday. In a separate memo, the New York-based bank said Daniel Wainstein, chairman of the investment banking unit in Brazil, will retire from the firm after 13 years. Wainstein has been a partner of Goldman Sachs since 2010.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 0.77% or $1.18/share to $154.14. In the past year, the shares have traded as low as $90.43 and as high as $159.00. On average, 4560380 shares of GS exchange hands on a given day and today's volume is recorded at 696459.