Goldman Sachs' global head of the private wealth management division will leave at the end of the year after only 18 months, and after exiting Bank of America, slated to become the world's largest wealth management business via its takeover of Merrill Lynch.

A source familiar with the move confirmed that Peter Scaturro will leave the bank at the end of December but did not elaborate.

Goldman's head of private wealth management to depart

Stephanie Baum in New York 

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Citi veteran Selim Elgen joins JPMorgan’s private bank in Dubai

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

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European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

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The Dutch insurer and asset manager has focused on making the U.S. its primary market and a key pillar of its growth strategy in recent years.

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The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.

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The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

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U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.

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S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.

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The bank is preparing to move thousands of employees into its new, 2.5-million-square-foot Midtown headquarters.

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