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Monday, November 25, 2002

Goldman Cuts Wholesaler Ranks

by: Sean Hanna, Editor in Chief

Goldman Sachs Asset Management is making significant cuts into the ranks of its wholesalers. The firm eliminated six wholesaler positions, or on quarter of the 24 in the group, according to a report in Wall Street Letter. The report added that at least some of the six wholesalers have found other positions at the firm.

The group sold Goldman's funds to broker-dealers as well as other financial products, according to the report. James McNamara heads the third-party marketing group at Goldman.  

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