Goldman Sachs names new Joburg CEO to lead African expansion
The bank is expanding in SA as other brokerages cut back their operations or close down
11 December 2019 - 19:55
Goldman Sachs Group has appointed Jonathan Penkin to head its Johannesburg office as part of efforts to drive the Wall Street bank’s Sub-Saharan African expansion.
Willem Baars and Olivier Frendo will become co-heads of investment banking for Sub-Saharan Africa and will “oversee the development and execution of the division’s strategic initiatives in the region” alongside Penkin, New York-based Goldman Sachs said in an internal memo sent to Bloomberg News...
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