NEW YORK - The Goldman Sachs Group, Inc. (NYSE: GS) announced today that Jack Levy has joined the firm as Co-Chairman of its global merger business. His primary focus will be on significant client relationships and major transactions, as well as important strategic and policy initiatives in the merger business. Steven M. Heller will serve as Co-Chairman of the merger practice while continuing with his responsibilities as Co-Head of the Investment Banking Division.
Jack joins Goldman Sachs from Merrill Lynch where he established himself as one of the most respected merger bankers in the industry. He was global head of Merrill’s merger business from 1991until his recent departure. Welcoming Mr. Levy to the firm, Mac Heller said, “Jack Levy is a world-class banker and we are proud to have him at the firm. He shares with us a commitment to bringing the absolute best counsel and execution to our clients in a rapidly changing global marketplace.”
“I’m thrilled to join Goldman Sachs and its M&A team,” said Jack Levy. “The opportunity to work closely with the firm’s clients is a privilege.”
Responsibility for managing and leading the division’s mergers business will remain unchanged: David Baum and Michael Carr will continue to lead the Americas effort and Gordon Dyal and Yoel Zaoui heading the European business. The leadership of the firm’s Asia-Pacific merger businesses will remain unchanged. Gwen Libstag will continue as Chief Operating Officer of mergers worldwide. This team will be responsible for the leadership and coordination of our global merger effort.
“Michael and I are delighted to have Jack join the Goldman Sachs team,” said David Baum. “He brings tremendous client relationships and a wealth of transaction experience.”
Gordon Dyal added: “Jack has a global understanding of the marketplace, in keeping with the global breadth of Goldman Sachs’ business and approach. Yoel and I look forward to working with him.”
Goldman Sachs is a leading global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
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