The CEO of Goldman Sachs (GS) ICBC Wealth Management Alex Wang is leaving the company and may join Japanese rival Nomura Holdings (NMR), Cathy Chan of Bloomberg reports, citing people familiar with the matter. This is as the company struggles to gain a foothold in China’s asset management market.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GS:
- Goldman Sachs scraps ambitions to create hotel brand in Greece, WSJ says
- Private Markets: Prediction market unicorns raise funds
- Fed proposing to modify enhanced supplementary leverage ratio rules for GSIBs
- Large U.S. banks expected to clear Federal Reserve’s health check, Reuters says
- Electric bike start-up Lime hires banks for IPO, Reuters reports