Goldman Sachs is planning to restructure its biggest businesses into three divisions, which include combining investment banking and trading businesses into one unit.
Goldman Sachs is planning to reorganize its biggest businesses into three divisions as part of a major overhaul at the company.
Goldman's restructuring plans are expected to be announced in the next few days. The firm will release its third-quarter earnings on Tuesday. Changes to the company's top brass are unknown, but at least a few executives will assume new positions. Marc Nachmann, currently the bank's global co-head of the Global Markets Division, will help run the combined asset- and wealth-management division.
The Wall Street firm will combine its investment banking and trading businesses into one unit, and asset and wealth management will be merged into another.
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