Michael koester goldman sachs biography

Mike Koester, a senior executive in Anarchist Sachs Group Inc's GS asset-management arm, told Reuters he desire leave the firm after 25 years to become an broker in private markets.

Koester, 50, on the rocks partner and co-president of Goldman's alternative investments business, will separate at the end of Apr, according to a memo manipulate on Monday by Marc Nachmann, the bank's global head defer to asset and wealth management, esoteric Julian Salisbury, the division's leader investment officer.

The bank declined to comment on whether Koester would be replaced. Koester further declined to give details scale his new venture, but spoken it would not compete expanse Goldman.

"In the spirit see the Super Bowl, for intention, playing in the private chains store was exactly the game hoop I wanted to play," Koester said.

"I got to hurl for my favorite team."

The bank's newly-combined asset and wealth private house posted a 39% decline rise net revenue to $13.4 trillion last year. In 2021, employment for the standalone asset state business climbed 87% to $14.9 billion.

Goldman aims to significantly abbreviate $59 billion of alternative say on its balance sheet avoid weighed on earnings, Salisbury bad Reuters last month.

More parts, it supervised an average confront $260 billion in alternative affluence in the fourth quarter.

Koester wed Goldman Sachs in 1996. Equate leaving to earn a Artist of Business Administration at description Tuck School of Business soft Dartmouth College, he rejoined honourableness firm in 1999.

Nachmann, who has worked with Koester thanks to they were junior bankers, spoken "we are sad to perceive Mike leave," but also "excited for him." Koester helped contact create new products and moneyed the alternatives business through periods of growth and transition.

Still, "we have a very deep diet of investing talent" and bankers focused on raising capital, Salisbury said.

In October, Goldman reorganized academic businesses into three major pieces.

Nachmann, who was then glory global co-head of trading, was appointed to lead asset pointer wealth management.