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July 28 (Reuters) - Goldman Sachs (GS.N) executive Julian Salisbury will join investment firm Sixth Street as a partner and co-chief investment officer early next year, his incoming firm said, marking yet another high-profile exit from Goldman. Salisbury will reunite with Goldman alums in his new role, including Sixth Street CEO Alan Waxman. Salisbury became a partner in 2008 and previously served as global co-head of the asset management unit before it was combined with wealth management under Marc Nachmann last year. Goldman's asset management division has promoted 11 partners and hired nine new managing directors focused on investing this year, a company spokeswoman said. Salisbury has "done a great job putting together all these asset management businesses over the last few years," Nachmann said in an interview.

Persons: Goldman Sachs, Julian Salisbury, Salisbury, Goldman alums, Alan Waxman, Marc Nachmann, Julian, Waxman, Dina Powell McCormick, Gregg Lemkau, Katie Koch, Goldman, Nachmann, It’s, David Solomon, Lloyd Blankfein, Manya Saini, Niket, Lananh Nguyen, Vinay Dwivedi, Matthew Lewis Organizations: Sixth, Goldman, MSD Partners, TCW, Reuters, Thomson Locations: Goldman, Salisbury, London, Moscow, New York, Russia, China, Bengaluru, Lananh

☆ Julian Salisbury was once considered a contender for Goldman Sachs CEO. Now the asset and wealth management CIO is leaving.
▼ + stars: | 2023-07-28 | by ( Emmalyse Brownstein | Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

Now, Julian Salisbury is leaving Goldman Sachs after 25 years without a replacement. In a memo Friday, CEO David Solomon thanked Salisbury, chief investment officer of the bank's asset and wealth management division, for his "contributions to Goldman Sachs, our clients and our people." Also leaving the bank is Takashi Murata, co-head of Asia Pacific private investing and global co-head of real estate within Goldman Sachs' asset management unit. Nachmann's memo said Richard Spencer will become EMEA head of Real Estate and Nikhil Reddy will become Asia Pacific head of Real Estate. That's part of the virtuous ecosystem of Goldman Sachs," he added.

Persons: Julian Salisbury, Goldman, Goldman Sachs, David Solomon, Salisbury, Marc Nachmann, Takashi Murata, Jim Garman, Nachmann, Richard Spencer, Nikhil Reddy, Richard, Nikhil, Murata, Solomon Organizations: Goldman, Management, GS, Sixth, Wall Street, Asia Pacific, EMEA Locations: Salisbury, Asia Pacific

☆ Goldman Sachs' investing playbook through year-end: 3 leaders share their advice, including how to cash in on a potential double-digit rally in stocks
▼ + stars: | 2023-07-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

This analogy was the segue into Goldman Sachs' 2023 mid-year investment outlook. "Do not change lanes unnecessarily," said Sharmin Mossavar-Rahmani, head of the investment strategy group and chief investment officer of wealth management at the firm. Historically, when stocks draw down 20% or more, returns are favorable in the following 12 and 24 months, she added. "What is really fascinating when you've had this kind of narrow breadth, the market actually continues to rally," Mossavar-Rahmani said. On the one hand, private sector balance sheets remain healthy, prices in the global housing market remain stable due to an undersupply, and there has been a gradual recovery in the services sector.

Persons: Goldman Sachs, Robert Tibshirani, Sharmin, Jan Hatzius, you've, Rahmani, Hatzius, it's, Julian Salisbury, Salisbury Organizations: Drivers Locations: China, Salisbury, Banks

☆ Here’s What Buy Side Staffers Are Buying on Sale for Prime Day
▼ + stars: | 2023-07-11 | by ( ) www.wsj.com time to read: +13 min

Here are products on sale that our team members are buying themselves—or already own and can highly recommend—during this year’s two-day Prime event. I’ve set goals to cook more than I eat out or order in to save money and for my health goals, so I’ll be purchasing this All-Clad cookware set this Prime Day for all my cooking needs. The 8-inch version is on sale for Prime Day, coming in at less than $300. Reviewers note that they’re ideal for larger hands.” —Leslie Yazel, editor, head of contentSalon-level styling tool“I bought the Revlon One Step Volumizer styling brush last Prime Day, and it has been a favorite all year. My partner always steals them when we travel, so this Prime Day, I’ll be buying him his own pair while they’re $100 off ahead of our fall wedding-season travels.” —Chao Li, head of product

Persons: what’s, juicer “ I’ve, ”, Nick Guy, I’ve, ” — Ian Salisbury, AirTag, Brittany Nguyen, Madeline Diamond, Emily Schwartzberg, It’s, ” — Emily Welsh, it’s, ” — Alix Milne, Rina Stone, I’ll, — Caroline Wernecke, Hydrating, — Irma Sahinovic, Astrid Stawiarz, ” — Leslie Yazel, Jessica Woodbury, I’d, Caroline Wernecke, ” — Bellamy Richardson, Bissell, ” — Chao Li Organizations: Side, Timex Men’s Expedition, Revlon, Altos, Colgate, Sony WH, 1000XM4, Sony Locations: France

SAN FRANCISCO, July 8 (Reuters) - Venture capital firm Headline used to be in one of San Francisco's most eye-catching skyscrapers: the pyramidal Transamerica building that has defined the skyline for decades. Venture capital firms are increasingly joining retailers and other businesses in finding homes outside downtown San Francisco. [1/5]People enjoy the afternoon in Presidio, a former military base-turned-national park in San Francisco California, U.S., July 7, 2023. They're actually really excited," said Eurie Kim, whose venture firm Forerunner left downtown for the Presidio in early 2022. "Mayor Breed continues to implement strategic initiatives to help stabilize existing businesses and recruit new ones as part of her Roadmap to Downtown San Francisco's Future plan.

Persons: Mathias Schilling, Schilling, Rex Salisbury, Carlos Barria, They're, Eurie Kim, CBRE, Lisa Petrie, Jon Rehagen, Molly Martell, San Francisco Mayor London Breed, Breed, Colin Yasukochi, Krystal Hu, Peter Henderson, Rosalba O'Brien Organizations: FRANCISCO, Venture, Employees, Presidio, Westfield, San, Felicis Ventures, Forerunner Ventures, Letterman, Cambrian Venture, San Francisco Bay Area, REUTERS, Presidio Trust, Lucasfilm, Walt Disney Family Museum, Catalyst, Brand, San Francisco Mayor London, Downtown San, CBRE's Tech, Thomson Locations: San Francisco, Presidio, San Francisco Bay, San Francisco's, There's, Sand, Silicon Valley, South, downtown San Francisco, San Francisco California, U.S, Marin, San Francisco ., South Park, Downtown

☆ Philadelphia mass shooting suspect arraigned on five murder charges
▼ + stars: | 2023-07-05 | by ( Brendan O'Brien | ) www.reuters.com time to read: +4 min

July 5 (Reuters) - A Philadelphia resident arrested in one of a series of mass shootings across the county over the Fourth of July weekend was arraigned in court on Wednesday on five murder counts and other charges, online court records showed. The suspect, identified as 40-year-old Kimbrady Carriker, made an appearance in Philadelphia County Municipal Court for an arraignment on charges that also included four counts of attempted murder plus reckless endangerment and aggravated assault charges, court records showed. Another mass shooting occurred in Salisbury, Maryland during a block party. The rash of gun violence over the last several days is part of a surge in mass shootings in the United States since the beginning of the COVID-19 pandemic in 2020. As of Wednesday, 351 mass shootings have taken place across the country so far this year.

Persons: Carriker, Larry Krasner, Krasner, Angie Willhite, James Alan Fox, Fox, Brendan O'Brien, Rich McKay, Kanishka Singh, Mark Porter, Chris Reese Organizations: Philadelphia, Philadelphia County Municipal Court, CNN, Authorities, Shreveport police, Northeastern University, Washington D.C, Thomson Locations: Philadelphia County, Philadelphia, Shreveport , Louisiana, Shreveport, Louisiana, Baltimore, Salisbury , Maryland, United States, Chicago, Atlanta, Washington

Georgetown University in Washington, D.C. Not everyone with debt would have been covered under the Biden administration’s student loan forgiveness plan. The Supreme Court has barred the Biden administration from carrying out its plan to extinguish up to $20,000 in federal student loan debt, and millions of borrowers will continue to struggle under the weight of their loans. Ms. Schmidt owes $64,000 in student debt, more than half of which is for her graduate work in nursing. But she’s already contemplating how she’ll finance her dream of becoming a civil rights lawyer, which typically requires an additional six figures in student debt. Yet her mother is still paying down student debt of her own.

Persons: Biden, Gina McDavitt, weren’t, Pell, “, ”, McDavitt, ” Ms, Ms, Monica Schmidt, Schmidt, Kevin Serna, Dorien Rogers, Rogers, Asha Anthony, she’s, —, Anthony, Mr, don’t, Joanna Leiserson, Brian Kaiser, “ I’m, Leiserson Organizations: Georgetown University, Biden, College of San, San Francisco State University, The New York Times, University of Phoenix, Northern Illinois University, Public, Schaun, Tax, Howard University, Salisbury University, The New York, Republicans Locations: Washington ,, College of San Mateo, Bay, Vallejo , Calif, Genoa, Ill, Germantown, Md, Credit, Montgomery County, Mesa, Maryland, Spokane, —, forbearance

☆ The Places Most Affected by Remote Workers’ Moves Around the Country
▼ + stars: | 2023-06-17 | by ( ) www.nytimes.com time to read: +11 min

Source: American Community SurveyThis rising mobility was driven by remote workers who sought new housing in their same metro areas, but also by a wave of remote workers decamping to other parts of the country. The rise of remote work meant that many such workers moved into these places, too. But for New York, San Francisco, Washington and Los Angeles, significantly more remote workers left than arrived. New York Metro Area Net domestic migration of workers Prepandemic 2018-19 Pandemic 2020-21 In-person workers Remote The N.Y.C. The remote workers identified this way may range from hybrid workers who primarily work from home to permanent remote workers and self-employed people who have no nearby office to visit.

Persons: ”, Hans Johnson, Johnson, Nicholas Bloom, Mr, Bloom, Adam Ozimek, Ozimek, Eric Carlson, It’s, “ Organizations: San, Major Metros, metros, York, Angeles, Washington, Seattle, Raleigh, Diego, Dallas, Sacramento, Hartford, American, Survey, San Jose metros, New York Metro Area Net, Public, Institute of California, Remote Workers, American Community Survey, Stanford, Economic Locations: San Francisco, New York, San Francisco , Washington, Los Angeles, Austin, Denver, Dallas, Nashville, Jose, Calif, Austin , Texas, N.C, Portland, Ore, Va, Conn, California, Bay Area, Washington, Ocean City, N.J, Cape Cod, Salisbury, Md, Maryland, Delaware, Fla, Stroudsburg, Pa, S.C, Panama City, Duluth, Minn

☆ Goldman: Banks will talk about commercial real estate loan defaults 'for many quarters'
▼ + stars: | 2023-06-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman: Banks will talk about commercial real estate loan defaults 'for many quarters'U.S. regional banks will seek to lower their commercial real estate exposure and will talk about the defaults on their loan books "for many quarters to come," says Julian Salisbury, chief investment officer of Goldman Sachs Asset & Wealth Management.

Persons: Banks, Julian Salisbury Organizations: Goldman, Wealth Management Locations: U.S

☆ Can Kim Kardashian save private equity?
▼ + stars: | 2023-06-06 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +3 min

SuperReturn conference gets underway at a time of challenges for private equity. Kim Kardashian joins Harvey Schwartz, Orlando Bravo, and other leaders in speaking at the conference. The uncertainty has made it more difficult for both private equity and venture capital firms to raise money for their funds. Those are bold-faced names in Wall Street's world, but they can't compete with the star power of another conference speaker: Kim Kardashian. It remains to be seen if private equity can keep up.

Persons: Kim Kardashian, Harvey Schwartz, Orlando Bravo, Kardashian, dealmaking, there's, Carlyle's Harvey Schwartz, David Rubenstein, Julian Salisbury, Goldman Sachs, Robert Smith, Orlando Bravo of Thoma, Bennett Goodman, Jay Sammons, Rubenstein, It's, Sammons, Dre Organizations: equity's, Private, SuperReturn International, Vista Equity Partners, Orlando Bravo of Thoma Bravo, SKKY Partners, Bloomberg, Financial Locations: Berlin

☆ Mom and Dad of 14-year-old college graduate share their No. 1 parenting rule: We 'left no room for negotiating on his social skills'
▼ + stars: | 2023-06-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

From left: Mark Wimmer, Melissa Wimmer and Mike Wimmer, who graduated from college in May at age 14. Melissa and Mark Wimmer say they "never pushed" their son Mike to do homework — but they're hard-liners when it comes to him making friends. "I'll be honest, people expect 'Young Sheldon' before they meet Mike," Melissa tells CNBC Make It, referring to the CBS television show. The Wimmers are proud of helping Mike ensure his "social skills were in line with his intellectual skills," Mark says. "Mike will be the first one to say that his parents never pushed him as far as academics go, but [that] they left no room for negotiating on his social skills."

Persons: Mark Wimmer, Melissa Wimmer, Mike Wimmer, Melissa, Mike, isn't, Young Sheldon, Mark, You've, shuddering, he's Organizations: Mensa, Atlantic, Carolina University, CNBC, CBS, University, Buffalo Locations: Salisbury , North Carolina, Bermuda, lionfish

☆ 14-year-old finished high school and college in 3 years while running 2 companies—why video games are part of his routine
▼ + stars: | 2023-05-31 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Like many other college graduates this May, Mike Wimmer got dressed in a cap and gown, walked across a stage and received a diploma. Unlike those other graduates, Wimmer is 14 years old. But like any teenager, his daily routine includes a fair amount of what he calls "kid time" — playing car racing simulation games with friends, swimming, playing basketball or building Legos. "I did everything a normal high schooler did, I did everything a normal middle schooler did. Some might view video games and basketball as distractions to work.

Persons: Mike Wimmer, Wimmer, you've Organizations: Mensa, Carolina University, U.S, Atlantic, CNBC Locations: Salisbury , North Carolina, Bermuda

☆ Without a hint of irony over Ukraine, Putin rages against countries that meddle in other states
▼ + stars: | 2023-05-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Russian President Vladimir Putin, Kazakh President Kassym-Jomart Tokayev and Uzbek President Shavkat Mirziyoyev arrive for a working breakfast of the leaders of the Commonwealth of Independent States (CIS) in Moscow, Russia May 9, 2023. Vladimir Smirnov | Sputnik | ReutersRussian President Vladimir Putin slammed countries that he said were trying to "impose their dominance" and rules on others, saying Wednesday that those that do were "completely ignoring the sovereignty" of other states. Russian President Vladimir Putin on a screen at Red Square as he addresses a rally and a concert marking the annexation of four regions of Ukraine — Luhansk, Donetsk, Kherson and Zaporizhzhia — in central Moscow on Sept. 30, 2022. Putin said Tuesday that Russia was going through "difficult times" as it continued its military campaign in Ukraine, but said national pride was growing. Russian Foreign Minister Sergei Lavrov looks on, next to Russian President Vladimir Putin, as they wait for the US-Russia summit at the Villa La Grange, in Geneva on June 16, 2021.

☆ Making these 5 moves can help you save big on the massive cost of college
▼ + stars: | 2023-05-04 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +7 min

As the mother of a college sophomore and high school senior, I know thinking about paying for college is daunting. Financial aid is determined by income information that is not necessarily up to date. If your circumstances are now different, that should be brought to the financial aid office's attention, he said. If you're concerned about making ends meet based on the financial aid award letter your child has already received, you can still ask for more aid. "So performing well throughout your high school career is not only important for admission but also for scholarship awards."

☆ For Aging Homeowners, Elevators Give Luxury Properties a Major Lift
▼ + stars: | 2023-04-27 | by ( Lia Picard | ) www.wsj.com time to read: +1 min

In 2020, Russell Franchi’s clients liked many features of a beach home in South Walton County, Fla., but it was missing one thing: an elevator. The clients, who had limited mobility, considered retrofitting an elevator, but ultimately walked away from the deal before finding a house that already had one installed. Kaitlind Meeks-Price, a sales representative of Delaware Elevator in Salisbury, Md., said that elevators are typically 3 feet by 4 feet, but she’s seen them go up to 15 square feet. A basic, three-stop elevator, including installation, typically starts around $32,000 to $35,000. When it comes to maintaining the lift, Ms. Meeks-Price suggests having it serviced at least once a year for the first five years.

☆ People are moving to North Carolina for its natural beauty and country vibes, but finding it doesn't offer a lower cost of living or diversity
▼ + stars: | 2023-04-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +9 min

She and her family considered places like Tennessee and Florida , but ultimately chose North Carolina because of its hands-off government and lush scenery. Five recent movers highlight what stands out about North Carolina, from its natural scenery to its lack of diversity. One thing she's had to get used to in North Carolina is the lack of diversity in food. An Ohio man liked North Carolina so much he moved there twiceJohn Yuschak first dipped a toe in North Carolina in 2012 after moving from Columbus, Ohio. They were pleased with the four seasons North Carolina has to offer, but anticipated higher savings.

☆ Founders and VCs reveal why they're sticking with the failed Silicon Valley Bank, at least for now: 'We owe them to keep them healthy'
▼ + stars: | 2023-03-18 | by ( Stephanie Palazzolo | Samantha Stokes | ) www.businessinsider.com time to read: +5 min

But for some startup customers of the failed Silicon Valley Bank, there's nothing to fix about their banking situation — yet. After Silicon Valley Bank's ultimate failure on March 10, federal regulators stepped to seize control and announced two days later that all depositors would be made whole. But some founders and VCs, like Shaprio, have chosen to stay with their hometown bank. Although their own business' health comes first, for many, the survival of Silicon Valley Bank is crucial, as a long-standing emblem of the tech community and a figure that welcomed risky startups when traditional institutions turned them down. And Silicon Valley Bank, by being there for 40 years, is the hub of this community, it's the thing the most startups have in common.

Employees have been working around the clock to onboard as many startups as possible in the wake of the implosion of Silicon Valley Bank. Silicon Valley Bank, which had more than $175 billion in deposits and served nearly half of US VC-backed startups, was taken over by US regulators on March 10. "That said, I am worried that this bias towards a Big Four bank is a double-edged sword," Shekar added. "SVB did not think like a big bank. They could understand your operating plan when a big bank would balk at it," Ashley Tyrner, CEO and founder of FarmBoxRX, told Insider.

☆ Here's an exclusive look at the pitch deck that Y Combinator alum Opkit, a health insurance verification startup, used to raise funding from investors like Plaid CEO Zach Perret's VC firm
▼ + stars: | 2023-03-07 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +3 min

Opkit is a startup that helps telehealth companies verify and process patient health insurance. Software engineers Sherwood Callaway and Justin Ko first met as early employees at the fintech startup Brex and became fast friends. As more telehealth companies were popping up after the pandemic, they often had issues with quickly processing patient health insurance for care, Callaway told Insider. Opkit also offers providers an insurance dashboard, that allows telehealth employees to perform eligibility checks or inquiries to insurance companies about specific patients' plans. "Opkit was our first experience doing venture fundraising, and Y Combinator really helped us make connections with investors," said Callaway.

☆ Goldman Sachs executives to rally investors in New York
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +6 min

[1/2] A Goldman Sachs sign is seen above their booth on the floor of the New York Stock Exchange, January 19, 2011. REUTERS/Brendan McDermid/File PhotoNEW YORK, Feb 28 (Reuters) - Goldman Sachs Group Inc's (GS.N) Chief Executive David Solomon and top executives will give investors an update on their strategy on Tuesday. DAN DEES, CO-HEAD OF GLOBAL BANKING & MARKETS, 52Dan Dees is the co-head of Goldman's global banking and markets division. JULIAN SALISBURY, CHIEF INVESTMENT OFFICER OF ASSET AND WEALTH MANAGEMENT, 51Julian Salisbury is chief investment officer of Goldman's asset and wealth management unit. KIM POSNETT, CO-HEAD OF ONE GOLDMAN SACHS, 45Kim Posnett is co-head of One Goldman Sachs, the company's program to unify its approach to clients across divisions.

☆ 3 big questions about the state of Goldman Sachs heading into its second-ever investor day
▼ + stars: | 2023-02-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

All eyes are on 200 West Street in lower Manhattan today, the global headquarters of Goldman Sachs and site of the bank's second-ever investor day. Goldman's first investor day, in 2020, included plenty of discussion about the importance of building out its consumer bank. Will new details emerge regarding the asset and wealth management division that show the business is heading in the right direction? Goldman's asset and wealth management division will likely get plenty of attention today. Speaking of David Solomon... Goldman's CEO appeared on a recent episode of the bank's podcast, "Exchanges at Goldman Sachs."

☆ Read Murdoch’s Deposition in the Fox-Dominion Case Files
▼ + stars: | 2023-02-27 | by ( ) www.nytimes.com time to read: +2 min

newspapers in the United States, and the plaintiff had also begun various libel actions against those other papers. Furthermore, Fox misstates the damages causation standard that will be at issue at trial. While Delaware law employs the rule of "but for" causation, New York law-which governs this case-applies a different standard. For proving special damages, New York requires only that the tortious conduct was "a substantial factor in the plaintiff's injury." See Brown v. New York, 31 N.Y.3d 514, 519 (2018); N.Y. Pattern Jury Instr.

☆ How Wall Street firms lift the velvet rope on funding deals for buzzy startups like Stripe for their wealthiest clients
▼ + stars: | 2023-02-24 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Goldman Sachs has invited wealth management clients to invest in fintech unicorn Stripe, as reported by Bloomberg. The message was a rare peek into how the richest bank clients can access investments normally off-limits to individual investors. Insider redacted the wealth management vice president's name and email address to protect their privacy. Citi and JPMorgan, for instance, both have teams dedicated to direct private investments for private bank clients. Private wealth is a real power alley for us, and those continue to be good sources of funding," said Salisbury at a conference in September.

☆ Here is the 14-page pitch deck a fintech helping SMBs get approved for loans via alt data used to raise $1.8 million from ATX Venture Partners, Rex Salisbury, and others
▼ + stars: | 2023-02-14 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

Here is the deck Uplinq used to raise a $1.8 pre-seed extension round. One financial-technology startup trying to bring alternative data to small-business lending is catching the attention and dollars of some of the most notable fintech investors in the space. The latest round brings Uplinq's total funding to $5.6 million, with the startup raising its initial $3.5 million pre-seed round in April 2022. And is the credit score really an accurate reflection of their true credit worthiness?" Here's the 14-page pitch deck Uplinq used to raise $1.8 million.

☆ Democrats win control of Pennsylvania House, end GOP rule in competitive swing state
▼ + stars: | 2023-02-08 | by ( ) www.cnbc.com time to read: +4 min

Reading, PA - May 10: Pennsylvania State Rep and Democratic Leader Joanna E. McClinton speaks in front of Reading City Hall. Democrats won control of the Pennsylvania House in special elections Tuesday, wresting partial power from Republicans for the first time in a dozen years in the competitive swing state. Three of those Democratic seats quickly became vacant, casting uncertainty over who actually controlled the chamber. Democrats had been expected to win Tuesday's special elections, because they had easily won the same seats last fall. That's because Republican Rep. Lynda Schlegel Culver won a special election Jan. 31 to fill a vacant state Senate seat.

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