Market Chatter: Goldman Sachs Names Ben Frost Chairman of Investment Banking

MT Newswires Live01-22 03:34

Goldman Sachs (GS) has promoted Ben Frost to chairman of investment banking from co-head of the global consumer and retail group, Reuters reported Wednesday, citing the company's internal memo.

The move came after Frost led the bank's work on Kenvue's (KVUE) $50 billion acquisition by Kimberly-Clark (KMB) and the roughly $24 billion acquisition of Walgreens Boots Alliance by private equity firm Sycamore Partners, according to the report.

Goldman did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 967.30, Change: +23.93, Percent Change: +2.54

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