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GOLDMAN SACHS GROUP

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Goldman Sachs : cuts CEO job in Brazil - statement

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03/14/2019 | 02:03pm EDT
The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York

SAO PAULO (Reuters) - Goldman Sachs Group is changing its management in Brazil and getting rid of the post of local chief executive officer, the bank said in a statement on Thursday.

Latin America co-heads Gonzalo Garcia and Ram Sundaram announced that current CEO Maria Silvia Marques will become the chair of the bank's consultative board.

They said Goldman's activities in Brazil will be led by a new executive management committee with six members.

Goldman spokesman Michael Duvally confirmed the change.

The members of the new executive management committee are Paula Moreira, Daniel Motta, Juliano Arruda, Rodolfo Soares, Ricardo Bellissi and Ricardo Mourao, the bank said.

(Reporting by Carolina Mandl; Editing by Leslie Adler and Sonya Hepinstall)

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Financials ($)
Sales 2019 35 233 M
EBIT 2019 12 424 M
Net income 2019 8 754 M
Debt 2019 -
Yield 2019 1,75%
P/E ratio 2019 8,40
P/E ratio 2020 7,56
Capi. / Sales 2019 2,03x
Capi. / Sales 2020 1,95x
Capitalization 71 529 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 228 $
Spread / Average Target 17%
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Managers
NameTitle
David Michael Solomon Chairman & Chief Executive Officer
John E. Waldron President & Chief Operating Officer
Stephen M. Scherr Chief Financial Officer & Executive Vice President
James A. Johnson Independent Director
William W. George Independent Director
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