One of Goldman Sachs Group Inc.’s most prominent London-based investment bankers, Michael Marsh, is set to depart the bank.
Marsh, 49, Goldman’s head of capital solutions for Europe, Middle East and Africa, will retire from the lender after nearly 20 years, according to an internal note seen by Bloomberg.
For now, no one is taking over Marsh’s role, but the expectation is that Pete Lyon and Mahesh Saireddy, the US-based heads of the capital solutions group, will increase their focus on the European business, according to people familiar with the matter, who asked not to be identified because the discussion is private.
Goldman and Marsh declined to comment when contacted by Bloomberg about his departure. Lyon and Saireddy didn’t immediately respond to requests for comment.
Earlier this year Goldman announced the formation of the capital solutions group, a move aimed at recognizing the growing significance of private markets and offering more of its emerging talent an opportunity to progress.
Monday’s announcement follows the exit of several senior Goldman bankers since last year, including Dominic Ashcroft, who previously led leveraged finance for Europe, and Luke Gillam, formerly sole head of EMEA credit finance capital markets.
Prior to his most recent role, Marsh held several leadership positions including as head of the EMEA financing group, global co-head of credit finance and global co-head of the alternative capital solutions unit. He became a partner at Goldman in 2014 after joining the bank in 2006.
Last week, Goldman reported investment-banking revenue growth that outpaced Wall Street peers.
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