Gregg Lemkau is retiring as co-head of Goldman Sachs Global Investment Banking at the end of 2020.
Widely seen as a potential Goldman Sachs CEO, Lemkau now plans to join New York-based RIA MSD Partners, which was formed by the principals of computer entrepreneur Michael Dell’s family office (MSD Capital) in 2009 to let select investors use its strategies.
Together, MSD Partners and MSD Capital manage some $15 billion in assets. MSD Partners’ current investment strategies are focused on credit, private equity, real estate and public equities.
Lemkau will become CEO and a partner of the RIA in February. He “will be responsible for leading MSD Partners’ initiatives to grow its existing businesses and strategically expand into new investment areas,” MSD said Monday in a statement.
At Goldman Sachs, the departing executive will be replaced by Jim Esposito, currently global co-head of the firm’s Global Markets Division, on Jan. 1, according to company internal memos shared with ThinkAdvisor Monday.
As co-head of Goldman Sachs Global Investment Banking, Lemkau “helped lead our efforts to continue to solidify and grow our pre-eminent investment banking franchise around the world,” David M. Solomon, Goldman Sachs CEO and chairman, said in a memo.