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Thursday, December 18, 2014

Goldman's Waldron promoted to co-head of investment banking, (NYSE: GS)

Goldman Sachs Group Inc has promoted John Waldron to co-head of its investment banking business, replacing John S. Weinberg, a vice chairman whose family has been in the senior echelons of the investment bank since the 1920s.Weinberg, 57, is moving to a company-wide client development role, Goldman said on Thursday. He will remain a vice chairman and stay on several powerful committees, including the management committee and business standards committee.Waldron, 45, will lead the investment banking business alongside existing co-heads Richard Gnodde and David Solomon. He will also join the management committee, a group of a few dozen senior executives across Goldman Sachs.Waldron's prior role was global head of investment banking services within the division. He joined Goldman in 2000, was named partner two years later, and spent his early days there as a media and entertainment banker.

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 2.81% or $5.2/share to $190.23. In the past year, the shares have traded as low as $151.65 and as high as $198.06. On average, 3086620 shares of GS exchange hands on a given day and today's volume is recorded at 2538334.