Saturday, 30 May 2015
Last updated 19 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…