Goldman Restructures Wealth Unit

Cohen, who joined the firm in 1999, has been Goldman's chief strategy officer since early 2018. York has been global head of wealth management for the past decade; he started at the firm in 1986 as a private wealth advisor. 

"Stephanie and Tucker … have each played a key role in driving our wealth management strategy, including through strategic acquisitions, such as Ayco and United Capital (now Personal Financial Management), and in expanding our digital consumer capabilities," explained CEO David M. Solomon, President & Chief Operating Officer John E. Waldron and Chief Financial Officer Stephen M. Scher, in a memo on Tuesday that was shared with ThinkAdvisor.

As for the leaders of the combined asset management and merchant bank, Lane previously ran the investment management group, which also included Goldman's consumer and wealth operations. Salisbury was tapped to lead the merchant bank last year.

The bank named Omer Ismail as head of its consumer business. Ismail replaces Harit Talwar, who will become chairman of the unit starting Jan. 1, 2021.

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