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Goldman shakes up commodity team

Published 03/05/2018, 03:38 PM
Updated 03/05/2018, 03:38 PM
© Reuters.  Goldman shakes up commodity team
  • After a disastrous year for commodity-trading revenue, Goldman Sachs (NYSE:GS) is moving commodity sales boss Colleen Foster and part of her team from the securities division into the investment-banking operation, according to Bloomberg.
  • It will now be known as the commodity solutions team.
  • CEO Lloyd Blankfein hinted as much earlier this month, saying Goldman has "underutilized the power" of its investment-banking unit as it pertains to commodities.
  • A good part of the commodity team will remain in the securities division under Josh Struzziery, who will replace Foster as global head of commodities.
  • Now read: CRISPR Therapeutics: Assessing The Recent Capital Financing


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