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Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause
More than a dozen senior bankers left Goldman Sachs in 2025 due to leadership reshuffles, expected promotion delays, and a 16% drop in deal volume, sources said.
- This year, Goldman Sachs lost more than a dozen senior investment bankers in New York, Reuters reported.
- Goldman introduced co-heads across divisions, added six management committee members, and pulled staffing cuts into the second quarter, targeting a 3% to 5% headcount reduction.
- Despite personnel changes, Goldman recorded strong fee volumes, advising Electronic Arts on a $55 billion sale and Holcim on the $26 billion Amrize spinoff.
- Senior bankers moved to rivals including JPMorgan Chase, Wells Fargo, Citigroup and boutiques like Evercore, while Goldman plans partners elevation in 2026 after appointing 95 new partners in 2024.
- Deal data show larger transactions and fewer deals; `There have been fewer deals overall, but larger in size, requiring less headcount,` said Stephen Biggar.
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Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause
Goldman Sachs has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shake-ups and a sluggish start to 2025 drove them to seek new opportunities, according to three sources familiar with the situation.
·United Kingdom
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Some executives went out because they were supposed to be in promotions this year, while others resigned because they were hoping for low-cost good after business stepped up in the first half of the year.
·Brazil
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Total News Sources8
Leaning Left1Leaning Right1Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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