Goldman Sachs Applauds Destruction of Property, Entitlement
Goldman Sachs’s co-head of asset management, Eric Schwartz, has announced that he will step down from his day job this summer, after 23 years with the bank. Under Schwartz’s tutelage, the asset-management unit grew to a record $758 billion, more than double the amount it handled when he became co-head (with Peter Kraus) in 2003. Rumored to be promoted to the soon-to-be vacant position? The man with no respect for the sanctity of another man’s hedge, Marc Spilker, who currently oversees Goldman’s alternative-investments unit.
In other news, James Metcalfe is leaving his post as head of power mergers and acquisitions at Lehman Brothers to become global head of power banking at UBS. Lehman posted an ad on Craigslist looking for someone with “a good head for numbers and lack of care for shrubbery” just this morning.
Goldman's Schwartz, Co-Head of Fund Management, to Step Down [Bloomberg]
Comments
James Metcalfe was not head of M&A at Lehman, he was head of power banking. Paul Parker is head of M&A
Posted by: rob | June 26, 2007 10:23 PM
What is it with Heebs and bushes? and they wonder why the world hates them!
Posted by: J Cramer | June 27, 2007 09:19 AM
"What is it with Heebs and bushes?"
First of all, fuck you.
Secondly, there must be some clever way to work in a burning bush reference here...I'm just not the one to do it. DB? Bess?
Posted by: Cincinnatus_C | June 27, 2007 09:28 AM
rob, Metcalfe was the head of power mergers and acquisitions at Lehman Brothers, click the dealbook link, it says it right there.
Posted by: Anonymous | June 27, 2007 09:40 AM
jm was head of power m and a.
also paul parker is head of us m and a. mark shafir is head of global m and a.
Posted by: yyy | June 27, 2007 10:45 AM