By Justin Baer
Goldman Sachs Group Inc. promoted John Waldron to co-head of
investment-banking, replacing John S. Weinberg, a vice chairman
whose father and grandfather once led the Wall Street firm.
Mr. Weinberg, 57 years old, will move to a new
client-development role. He will remain one of Goldman's three vice
chairmen. Mr. Waldron, 45, joined Goldman in 2000 and was named a
partner two years later. He most recently served as head of
investment-banking services.
Mr. Waldron's promotion comes as Goldman's investment-banking
arm enjoys one of its best years on record. The firm's merger
bankers passed a rare milestone earlier this month, advising
companies on deals with a combined value of more than $1 trillion.
It was the first time any investment bank had reached that tally
since 2007.
Write to Justin Baer at justin.baer@wsj.com
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