Goldman Sachs Group Inc. named John Mallory and Meena Flynn as co-heads of global private wealth management, a business that’s key to the bank’s aim to diversify revenue streams beyond its core strengths of dealmaking and trading.
The changes take effect Jan. 1, the firm said in a memo Wednesday.
Mallory is currently head of Americas Private Wealth Management, while Flynn leads the global Markets Solutions Group.
“We look forward to working with John and Meena to grow our global PWM franchise,” Tucker York and Stephanie Cohen, the recently named co-heads of the consumer and wealth-management division, said in the memo.