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Goldman Sachs appoints new M&A Heads Wednesday, 9th March 2011
Michael Carr and Dusty Philip named as new heads of American mergers and acquisitions for Goldman Sachs.
The global investment banking firm announced the staffing change last night in a drive to prioritise American business and expand market share.
A memo sent from Goldman Sachs this morning detailed the movement;
"Michael and Dusty will focus on driving our M&A business in the Americas. Their priorities will be to ensure that we optimally meet our clients’ M&A objectives, expand our market share by deepening client relationships, enhance our leading execution standards and strengthen the integration of M&A with our financing products. Michael and Dusty will retain their coverage responsibilities for their respective natural resources, healthcare and industrial clients."
Spring is usually seen as the season for hiring and firing within Wall Street following the annual bonus hand-outs in January and February.