According to the memo, Raman joins the division from within the bank, where she most recently held the position of chief operating officer for investment banking.Goldman reduced its expectations for its direct-to-consumer bank Marcus in October by integrating it under the newly formed asset and wealth business.With new recruits like Zeeshan Razzaqui, who just took over as co-head of the unit’s merchant point-of-sale lending, the Wall Street bank has been bolstering the new division.
In recent times, Lisa Mantil’s ETF Accelerator also merged with Platform Solutions. The company gives its customers the ability to create, list, and administer their exchange-traded funds (ETFs). According to an internal document seen by Reuters on Thursday, Akila Raman has been named by Goldman Sachs Group Inc. as the chief commercial and strategy officer of transaction banking under its recently established Platform Solutions subsidiary.
Source: Pavan SathirajuWith new recruits like Zeeshan Razzaqui, who just took over as co-head of the unit’s merchant point-of-sale lending, the Wall Street bank has been bolstering the new division.In recent times, Lisa Mantil’s ETF Accelerator also merged with Platform Solutions. The company gives its customers the ability to create, list, and administer their exchange-traded funds (ETFs). According to an internal document seen by Reuters on Thursday, Akila Raman has been named by Goldman Sachs Group Inc. as the chief commercial and strategy officer of transaction banking under its recently established Platform Solutions subsidiary.
According to the memo, Raman joins the division from within the bank, where she most recently held the position of chief operating officer for investment banking.Goldman reduced its expectations for its direct-to-consumer bank Marcus in October by integrating it under the newly formed asset and wealth business. A new division dubbed Platform Solutions, which contains Transaction Banking, Credit Cards, and Financial Technology was also created as a result of this.
The bank reported that Platform Solutions lost $1.67 billion in net income last year as a result of increased provisioning for possible problematic loans.
With new recruits like Zeeshan Razzaqui, who just took over as co-head of the unit’s merchant point-of-sale lending, the Wall Street bank has been bolstering the new division.In recent times, Lisa Mantil’s ETF Accelerator also merged with Platform Solutions. The company gives its customers the ability to create, list, and administer their exchange-traded funds.
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