Goldman Sachs’ Sumit Rajpal to depart: Business Insider

(Reuters) – Goldman Sachs’s Sumit Rajpal, one of three co-heads of a merged alternative investing unit at the bank, has announced his resignation, Business Insider reported on Friday, citing sources.

Rajpal’s departure leaves Andrew Wolfe as the most senior operating executive left from Goldman’s old merchant banking division, the report added. (https://bit.ly/377PnBQ)

Rajpal and Wolfe were also slated to be lead investors for a planned buyout fund at Goldman, according to the report.

Goldman Sachs did not immediately respond to a Reuters request for comment.

Reuters reported earlier on Friday, citing sources, that Goldman plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to secure deals worldwide.

(Reporting by Bharath Manjesh in Bengaluru; Editing by Shailesh Kuber)