©Reuters. The Goldman Sachs logo is seen on the trading floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo
(Reuters) -Goldman Sachs is reorganizing its management committee, in the latest indication of power dynamics at the bank, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Company veterans Alison Mass and George Lee left the group, which includes the heads of the bank’s major divisions and other senior executives, the report said.
Goldman is also creating two new committees to help oversee investment banking and markets, the Journal report adds.
The bank did not immediately respond to a Reuters request for comment.
The Wall Street giant merged its banking and trading divisions in 2022, in a shift that ultimately shifted its focus to traditional pillars and away from an ill-fated foray into consumer banking.
Earlier this week, Jim Esposito, co-head of Goldman Sachs’ global banking and markets division, announced plans to retire after nearly three decades at the bank.
Other high-profile leaders have also left Goldman in recent months. Wealth management executive Julian Salisbury has joined investment firm Sixth Street, and Dina Powell McCormick (NYSE:), former head of Goldman’s sovereign assets, has left for investment bank BDT & MSD Partners.