The two heads of Goldman Sachs Group Inc.’s flagship private-investing business quit Friday, the latest senior departures at the Wall Street firm and ones that threaten to undermine a big fundraising push. Sumit Rajpal and Andrew Wolff jointly ran Goldman’s $100 billion-plus merchant bank, which invests the firm’s money and that of clients into deals. They were elevated last spring to help spearhead a big fundraising push, which aims to bring in another $100 billion over the next five years.

Source: Wall Street Journal February 07, 2020 16:06 UTC