The upper echelons of one of Goldman Sachs' most prestigious businesses, its investment banking division, are about to undergo a big leadership transition.
Gregg Lemkau, co-head of the firm's investment banking division since 2017 and a member of Goldman's management committee, is departing the firm at the end of 2020. He will be succeeded by Jim Esposito, Goldman's global co-head of its global markets division, who will step into Lemkau's role on Jan. 1.
Lemkau's exit and Esposito's move to co-head the investment banking division means that Wall Street's top bank for mergers and acquisitions will be led by two people with experience in other areas.
Data aggregators like Plaid and Yodlee were born out of the need to efficiently distribute data between fintechs and banks, serving as the the pipes behind the fintech revolution. But a new competitor is making a push to set a common data-sharing standard.
Originally created at financial-services giant Fidelity in 2018, Akoya was spun out earlier this year. Along the way it nabbed backing from 12 financial institutions, including Citi, JPMorgan, and Wells Fargo. And on Monday, it notched its first big client win.