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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