Goldman’s senior ranks thin out further as co-head of M&A quits

The Financial Times reports Yoël Zaoui, one of Goldman Sachs’ most senior bankers, “is to retire in the latest departure from the senior ranks of the bank’s M&A team as it seeks to grow a new generation of dealmakers. Lloyd Blankfein, the US investment bank’s chief executive, announced the move to employees in an internal memo that has been seen by the Financial Times.”

Continue reading at FT (sub required).