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

Access Investor Kit for The Goldman Sachs Group, Inc.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US38141G1040

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Goldman Sachs (NYSE:GS)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Goldman Sachs Charts.
Goldman Sachs (NYSE:GS)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Goldman Sachs Charts.