BankingBusinessFinTech

Goldman Sachs reportedly names Paul Camp as new head of transaction banking

  • Goldman Sachs appoints Paul Camp as head of transaction banking
  • Executives, including former head Hari Moorthy, were fired in September for communications policy violations
  • Interim leadership: Philip Berlinski, Akila Raman, and Luc Teboul
  • Camp to manage day-to-day operations with support from Raman and Teboul
  • Camp, previously at Wells Fargo and BNY Mellon, was tasked with expanding the unit
  • Goldman Sachs continues to shift away from retail banking, selling personal financial management business and GreenSky
  • Speculation about Apple ending credit card and savings account partnership with Goldman Sachs
  • Reports suggest potential sale of Goldman Sachs’ credit card program with General Motors to a new issuer
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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