Goldman Sachs Picks Elizabeth Overbay as Cfo of Asset Management Business, Memo Says
Goldman Sachs has appointed Elizabeth Overbay as the chief financial officer of its asset and wealth management division, bolstering ranks in a key area of focus for the Wall Street giant. The appointment comes after the investment bank ended an ill-fated push into consumer banking that lost billions of dollars. Overbay is expected to bring significant expertise to the role, having previously overseen capital and liquidity planning as well as regulatory matters.
- This move suggests that Goldman Sachs is prioritizing its core strengths in asset management, potentially signaling a renewed focus on high-margin businesses.
- Will Goldman's renewed emphasis on wealth management lead to increased competition with other financial institutions, particularly smaller players in the market?