Erich Bluhm is stepping down from his role at Goldman Sachs Group, ending a 30-year tenure on Wall Street, reported Bloomberg.
Bluhm, who has been a key figure in the bank’s Americas equity capital markets coverage for financial institutions, is stepping down from his position due to personal reasons.
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He will not be seeking a new role in the banking sector, as per a confidential source.
A spokesperson from Goldman Sachs declined to comment, the news publication added.
Bluhm’s career at Goldman Sachs spanned 18 years, following previous roles at Bear Stearns and Morgan Stanley.
His contributions to the bank have been significant, with a track record that includes facilitating over $350bn in capital raising efforts for various clients, the report said.
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By GlobalDataBluhm’s departure comes at a time when Goldman Sachs has been involved in major market moves, including the handling of Toronto-Dominion Bank’s $13.1bn sale of Charles Schwab Corp. shares, which stands as the largest ECM deal of the year to date.
Last month, Rishi Sunak, the UK’s former Prime Minister, has rejoined Goldman Sachs as a senior advisor.
Sunak’s background in finance includes co-founding an investment firm and a previous tenure at Goldman Sachs, where he began as an intern and later served as an analyst.
In February, the bank named Elizabeth Overbay as its new CFO of asset and wealth management division, overseeing $3.1tn in assets.
