The dominance of the investment banking lieutenants of Goldman chief executive David Solomon at the top of the firm was reinforced on September 3 when Chavez was replaced as one of three global securities co-heads by Marc Nachmann, who had been a co-head of investment banking.
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Ashok Varadhan |
Solomon has now installed two fellow former investment bankers in the roles of president and chief financial officer, and placed two former co-heads of global financing in joint charge of securities.
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