A previous version of this story contained incorrect information about administrative changes in Goldman Sachs. The story has been updated.
Two members of Goldman Sachs Group's management committee have left the bank's main governing body as it reshuffles the roles of its most powerful senior executives, the Wall Street Journal reported on Friday.
Under the leadership of CEO David Solomon and President John E. Waldron has launched two new committees to help manage the Profitable Markets unit and investment banking division at Goldman Sachs GS.
The report said.
George Lee and Alison J. Maas have left the management committee, the newspaper reported, citing people familiar with the situation.
Lee is co-head of the Office of Applied Innovation as well as the former co-chief information officer at the bank, according to Goldman Sachs' website.
Maas serves as Head of Investment Banking and was previously Global Head of the Financial and Strategic Investors Group in the Investment Banking division.
A Goldman Sachs spokesman, contacted by MarketWatch, declined to confirm the report.
“Final decisions have not been made yet,” the spokesman said.
The report appeared just days after the company announced in an internal memo that management committee member Jim Esposito, co-head of global banking and markets, would retire after 29 years and become a senior director at Goldman Sachs.
“Jim exemplifies the best attributes of Goldman Sachs – partnership, customer service, excellence and integrity,” Solomon said in the memo seen by MarketWatch.
In another change in Goldman Sachs' senior leadership, the bank's independent lead director, Adebayo Ogunlesi, is joining BlackRock, BLK,
The move is part of BlackRock's $12.5 billion acquisition of Global Infrastructure Partners, the private equity firm founded by Ogunlesi.
Under Solomon's leadership, Goldman Sachs has reorganized its business into three main units: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. It also sold its GreenSky lending unit, eliminating thousands of jobs in the process.
Goldman Sachs shares rose 1% on Friday. The stock is up 4.8% in the past year, compared to a 13.9% gain in the Dow Jones Industrial Average (DJIA)..
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