Goldman Shakes Up Leadership Ranks in Yet Another Overhaul (2)

Goldman Sachs Group Inc.’s David Solomon is embarking on his third major reorganization in just four years as chief executive officer -- undoing some of the signature moves he made as recently as 2020 and spotlighting a new class of his most senior lieutenants.

The Wall Street giant plans to once again combine its expanded asset-management and private-wealth businesses into one unit run by Marc Nachmann, according to people familiar with the matter. Goldman will also fuse its investment-banking and trading operations under one group run by Dan Dees, Jim Esposito and Ashok Varadhan. The money-losing ...