Goldman overhauls asset management division

The Wall Street giant plans to once again combine its expanded asset management and private wealth businesses into one unit, according to people familiar with the matter.
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo | Photo: Andrew Kelly/Reuters/Ritzau Scanpix/REUTERS / X02844
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo | Photo: Andrew Kelly/Reuters/Ritzau Scanpix/REUTERS / X02844
By Sridhar Natarajan / BLOOMBERG

Goldman Sachs’ David Solomon is embarking on his third major reorganization in just four years as chief executive officer, undoing some of the signature moves he made as recently as 2020.

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