Goldman Sachs (GS.N) has appointed Farshid Asl and Matt Weir as co-heads of its Investment Strategy Group (ISG), succeeding long-time Chief Investment Officer Sharmin Mossavar-Rahmani, according to an internal memo.
📌 Key Takeaways & Important Details:
- 3-Decade Legacy: Sharmin Mossavar-Rahmani will retire later this year after joining Goldman as a partner in 1993 from Fidelity Management.
- New Leadership: Farshid Asl and Matt Weir, both 20-year Goldman veterans, will step up as co-heads to lead asset allocation and market strategy.
- Seamless Transition: Mossavar-Rahmani will work alongside wealth management teams over the coming months to guide the leadership handover.
- Strong Momentum: The transition comes on the heels of a 20% rise in Goldman’s Q2 asset and wealth management revenue.
💥 The Big Picture: A major leadership shift at one of Wall Street’s premier wealth management divisions as it continues to drive strong revenue growth.