Tuesday, 26 July 2016
Last updated 4 hours ago
May 1 2008 | 2:00am ET
The Goldman Sachs executive who led its troubled asset-management and hedge fund unit may join Merrill Lynch.
Peter Krauss, a 22-year Goldman veteran who left last month, is in talks with Merrill, which is now led by former Goldman executive John Thain, about a position overseeing strategy, Bloomberg News reports. Thain, who led the New York Stock Exchange in between his gigs at Goldman and Merrill, has been adding Goldman veterans to Merrill’s executive team since taking over last year.
Kraus served as co-head of Goldman Sachs Asset Management, whose hedge funds suffered big losses last year.