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☆ 6 top Goldman dealmakers, from Dan Dees to Gene Sykes, reflect on their careers at the investment bank, from junior banker to partner
▼ + stars: | 2024-08-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +12 min

Wall Street careers are notoriously grueling and littered with politicking and jockeying to climb the ranks. AdvertisementNow, these six partners are looking back on their own rise, offering words of wisdom from their own Wall Street origin stories. At Goldman Sachs, the core of who we are in investment banking is M&A. Gene Sykes, cochairman of global M&A and global TMT:Gene Sykes Courtesy of Goldman SachsThe market for M&A advice has evolved over time. Are you a Goldman Sachs or Wall Street insider?

Persons: Goldman Sachs, Alison Mass, Stephan Feldgoise, Dan Dees, Hank Paulson, Tim Ingrassia, Alison, Goldman, Peter Weinberg, Gene Sykes, It's, Mark Sorrell, John Thornton, John Waldron, Karen Cook, Yoel Zaoui, Gregg Lemkau, it's, Jennifer Kopylov, Reed Alexander Organizations: Service, Wall, Partners, Business, US Treasury, Street, Goldman Locations: New York City, London, New York, Europe, American

☆ AI tools for Goldman's workforce set to 'land at scale on desks' as soon as next year: partner
▼ + stars: | 2024-06-27 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

For Goldman Sachs' investment bankers, the answer may just be over the horizon. Top Goldman executives told Business Insider that the investment bank is poised to roll out a series of generative AI tools to its workforce as soon as next year. Lee, a Goldman partner, said it could take years for the consequences of this tech on the bank's workflows to be fully understood. But he is overall optimistic about how generative AI, an advanced type of machine learning, will impact its workforce. Many junior bankers spend time on tasks that can sometimes feel "relatively routine," Lee said.

Persons: —, Goldman Sachs, Goldman, George Lee, cohead, Lee, it's, Jamie Dimon, Alison, Tim Ingrassia, Gene Sykes, dealmakers, David Solomon, Ingrassia, Reed Alexander Organizations: Service, Business, Goldman Sachs Global Institute, JPMorgan, Goldman, New York Times, Deutsche Bank

☆ With signs of an M&A comeback, Goldman Sachs' bankers are raring to win. Do they still have what it takes following a raft of partner exits?
▼ + stars: | 2024-06-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +13 min

AdvertisementDavid Solomon Goldman SachsPressure-cooker cultureWith signs suggesting mergers and acquisitions could soon return — including the megadeals Goldman specializes in — the firm's dealmakers are itching to end 2024 on a high note. In M&A, Goldman has fallen to No. AdvertisementMark Sorrell Goldman SachsGoldman is also seeking to become more interconnected across its business lines via the One Goldman Sachs program. "They figure that if they're talking to one person at Goldman Sachs, they're talking to everybody." The result, bankers said, is an M&A machine built to withstand threats like star dealmakers leaving for more-nimble rivals.

Persons: —, Goldman Sachs, Bill Quinn, Goldman, Jacki Zehner, Rishi Bali, Hank Paulson, John Thornton, John Thain, David Solomon, Solomon, Dan Dees, What's, David Solomon Goldman Sachs, Gene Sykes, Alison, It's, LSEG, dealmaking, Goldman dealmakers, Momo Takahashi, We've, Mark Sorrell, Mark Sorrell Goldman Sachs Goldman, Sykes, they're, Sorrell, Dees, it's, Dan Dees Goldman Sachs, we're, John Waldron, Kim Posnett, that's, Timothy Ingrassia, Ingrassia, Stephan Feldgoise, I'm, Reed Alexander Organizations: Service, Business, Goldman, JPMorgan, playbook Bank, Wall Street, Competition, & $ Locations: Silicon Valley, London, New York City, Latin America

☆ U.S. endorses Utah's Winter Olympics bid with eye toward 2034
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

An ice maker installs a sub-glacial Olympic logo ahead of the Beijing 2022 Winter Olympics at Yanqing National Sliding Centre in Yanqing, China, January 28, 2022. REUTERS/Edgar Su/File photo Acquire Licensing RightsSept 14 (Reuters) - Leadership of the United States Olympic and Paralympic Committee (USOPC) has endorsed Salt Lake City's bid to host another Winter Olympics, with a preference for 2034, officials said on Thursday. USOPC said 2034 is a more desirable date than 2030 due to the 2028 Summer Olympics being held in Los Angeles. Utah's scenic capital city previously hosted the Winter Games in 2002. "This is a significant milestone for us," Fraser Bullock, CEO of the Salt Lake City's bid committee, said on the call.

Persons: Edgar Su, USOPC, Gene Sykes, we've, Fraser Bullock, Bullock, Rory Carroll, Pritha Sarkar Organizations: REUTERS, United States Olympic, Paralympic, Salt Lake, Games, IOC, Olympic, Winter, Thomson Locations: Beijing, Yanqing, China, Salt, Los Angeles, Salt Lake City , Utah, Sweden, Switzerland, France, Mumbai

☆ USOPC will listen to any IOC plan for Russians to compete at Paris Games
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

June 26 (Reuters) - The United States Olympic & Paralympic Committee (USOPC) is unequivocal in its support of Ukraine but will listen to any International Olympic Committee (IOC) plan to have Russian and Belarusian athletes compete as neutrals at the 2024 Paris Games. With the Olympics just a little over a year away pressure is mounting on the IOC, sporting federations, national Olympic committees and governments to make a call on the participation of Russian and Belarusian athletes at the Paris Games. There are mounting concerns that if Russian athletes are cleared to compete in Paris, even as neutrals, it could spark a Ukraine-led boycott of the Games. "We've been quite measured and willing to give the IOC the opportunity to explore the possibility, understanding how Russian or Belarusian athletes who are neutral, truly neutral, could compete in international competition. That does not include the Paris Olympics with a separate decision still to be taken by the IOC.

Persons: Gene Sykes, Sykes, Steve Keating, Ken Ferris Organizations: United States Olympic, Paralympic, Olympic Committee, Olympics, IOC, Olympic, Paris Games, Paris, Thomson Locations: Ukraine, Russia, Belarus, Moscow, Paris, Toronto

☆ Los Angeles Country Club: One of the world’s most exclusive golf clubs is opening its doors to host the US Open
▼ + stars: | 2023-06-17 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

Now, the club is opening its doors to a curious public and media as the host of the US Open, the first individual event to visit the famed Los Angeles County Club since 1940, though it hosted the Walker Cup in 2017. It’s mythic in some ways.”But even if its exclusivity prevents stars from playing on the golf course, the club is surrounded by them. Lionel Richie’s mansion is a stone’s throw away while Hefner’s famous Playboy Mansion, and zoo which he reportedly built as revenge after being refused entry to the Los Angeles Country Club, sits next to the 14th hole. Whatever Hefner’s intentions, even today golfers say they can still hear the monkeys, parrots and peacocks from the golf course. The Los Angeles Country Club is hosting this year's US Open.

Persons: CNN —, Bing Crosby, Groucho Marx, Hugh Hefner, “, Gene Sykes, Lionel Richie’s, Hefner’s, Harry, ” Patrick Cantlay Organizations: CNN, Los Angeles Country Club, Daily Telegraph, Los Angeles County Club, Walker, LA Times Locations: Los, Beverley Hills

The field of players teeing it off on Thursday is unchanged since the USGA previously said that, like the three other majors, it would allow both PGA Tour and LIV golfers to compete. But the feuds that broke out between golfers from the rival leagues is unlikely to be patched up so quickly. Broadcasters hope viewers will be able to put the drama of the new deal to the side and focus on the tournament. "Not to be too Pollyannaish about the whole thing, but we're right in the middle of Hollywood so let's write a good Hollywood script," NBC commentator Dan Hicks said. Reporting by Rory Carroll in Los Angeles Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: LIV Golf, Jay Monahan, LIV, Gene Sykes, LACC, Scottie Scheffler, Jon Rahm, Rory McIlroy, Sykes, Dan Hicks, Rory Carroll, Christian Radnedge Organizations: country's Public Investment Fund, Los Angeles Country Club, Reuters, USGA, Broadcasters, Hollywood, NBC, Thomson Locations: ANGELES, Saudi Arabia, LA, U.S, Saudi, Los Angeles

Goldman on Monday elevated Avinash Mehrotra and Brian Haufrect as the new co-heads of Americas M&A, according to an internal memo seen by Reuters. Both Mehrotra, who currently is the head of global activism and takeover defense, and Haufrect, who is global head of natural resources M&A, will continue to hold their existing roles on top of their new responsibilities. Russ Hutchinson will rejoin Goldman's investment banking unit as chief operating officer of its global M&A business, according to the memo sent to employees by Goldman's global co-heads of Global Banking & Markets, Dan Dees and Jim Esposito. Haufrect, who heads Goldman's natural resources deals franchise, was made partner at Goldman in 2016, according to his LinkedIn profile. Goldman's top six dealmakers - global co-heads of M&A, Stephan Feldgoise and Mark Sorrell, and M&A chairmen, Tim Ingrassia, Dusty Philip, Gilberto Pozzi and Gene Sykes - will continue running the franchise, according to the memo.

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