Sunday, 24 July 2016
Last updated 1 day ago
Aug 7 2014 | 10:06am ET
Goldman Sachs has named a new head of client relationship management in the Americas, hoping to strengthen its ties to hedge funds and other institutional clients.
Stacy Bash-Polley, one of Goldman’s highest-ranking women, is currently a senior fixed-income trading sales executive. The client-relationship position was essentially created for her by CEO Lloyd Blankfein, who believed she would excel in such a role, The Wall Street Journal reports.
“Stacy's broad product and industry knowledge, combined with her experience in managing senior client relationships, will provide a holistic and targeted approach to our client coverage, Goldman securities division co-heads Isabelle Ealet, Pablo Salame and Ashok Varadhan said.
Bash-Polley has been with Goldman for two decades, and was made a partner in 2004. Her new role comes as Goldman has imposed new fees on prime-brokerage clients as it seeks to comply with the U.S. Volcker rule; the bank has even jettisoned some who were not earning it a profit.