Goldman Sachs names investment banker in new transaction banking role

NEW YORK, Feb 2 (Reuters) – Goldman Sachs Group Inc (GS.N) has appointed Akila Raman as chief business and technique officer of transaction banking inside its newly fashioned Platform Options unit, in line with an inside memo seen by Reuters on Thursday.

Raman joins the unit from inside the financial institution, the place she just lately served as chief working officer of funding banking, the memo stated.

In October, Goldman scaled again ambitions for its direct-to client financial institution Marcus by inserting it below the newly-merged asset and wealth division. It additionally swept components of the enterprise into a brand new unit known as platform options, which homes transaction banking, bank cards and monetary expertise.

Platform Options suffered a internet lack of $1.67 billion final 12 months, the financial institution stated, as a result of larger provisioning for potential unhealthy loans. learn extra

The Wall Avenue financial institution has been beefing up the brand new unit with hires comparable to Zeeshan Razzaqui who just lately grew to become co-head of service provider point-of-sale lending on the unit.

ETF Accelerator, which is headed by Lisa Mantil, additionally grew to become a part of Platform Options just lately. The enterprise allows its shoppers to launch, record, and handle their alternate traded funds (ETFs).

Reporting by Saeed Azhar

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