July 6 (Reuters) - Goldman Sachs Group Inc’s former co-head of investment banking, John Weinberg, will retire after 32 years at the Wall Street bank, Bloomberg reported.
Weinberg, one of three vice chairmen at the bank, will become a senior director, Bloomberg reported, citing a memo from Chief Executive Lloyd Blankfein and President Gary Cohn to employees on Monday. (bloom.bg/1JK9rg3)
Goldman Sachs replaced Weinberg with John Waldron as co-head of its investment banking business in December.
Weinberg was the co-head of Goldman Sachs’ investment banking division for more than 12 years, Bloomberg said.
His father, John Weinberg, and grandfather, Sidney Weinberg, headed the bank when it was a private partnership. (Reporting by Krishna Chaithanya in Bengaluru; Editing by Kirti Pandey)