[1/2] People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021.
REUTERS/Andrew Kelly/File PhotoJuly 20 (Reuters) - Goldman Sachs (GS.N) has brought back to its fold senior executive Tom Montag, adding him to its board as the Wall Street giant looks to regain lost ground after its ill-fated foray into consumer banking.
Considered to be an ally of CEO David Solomon, Montag could bolster support for the chief executive, who is looking to undo the damage from the company's high-profile flop in retail banking.
"Tom brings extensive financial services and risk management experience, with over 35 years in the industry," Solomon said.
"He has incredible perspective regarding the complex financial and non-financial risks that large global financial institutions face."
Persons:
Goldman Sachs, Andrew Kelly, Tom Montag, Montag, David Solomon, Goldman, Tom, Adebayo Ogunlesi, Merrill Lynch, Solomon, writedowns, Saeed Azhar, Niket, Manya, Arun Koyyur, Lananh Nguyen
Organizations:
REUTERS, Reuters, Bank of America, Rubicon, TPG, Manya Saini, Thomson
Locations:
Manhattan , New York, U.S, New York, Bengaluru