Goldman Sachs CEO David Solomon wants companies to become more diverse, but he isn’t banking his M&A practice on it, writes TheRealLSL.
Goldman Sachs’ three global co-heads of its mergers and acquisitions practice will become co-chairs of global M&A, the investment bank said on Sept. 21. Michael Carr, Dusty Philip and Gilberto Pozzi will join Tim Ingrassia and Gene Sykes in the roles while Stephan Feldgoise and Mark Sorrell will become new co-heads of the group.
Speaking in Davos, Switzerland in January, the bank’s Chief Executive David Solomon said the company had a new standard for taking companies public: they needed to have at least one diverse board member. Starting in 2021, the company said it would raise the target to at least two diverse candidates.
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