Goldman’s Next Generation Takes Shape With New Promotions (1)

Goldman Sachs Group Inc. is building the next generation of dealmakers and investment bankers in a series of promotions, naming new leaders for mergers and acquisitions and other key businesses.

In one of the highest-profile steps, the firm picked Stephan Feldgoise and Mark Sorrell to co-lead the global M&A practice. In equity-capital markets, David Ludwig willbecome global head and Gabe Gelman and Simon Watson will co-lead the business in the Americas.

Feldgoise and Sorrell are succeeding Michael Carr, Dusty Philip and Gilberto Pozzi, who will become co-chairs of the bank’s global M&A unit. Since Carr and ...