© Reuters. FILE PHOTO: The Goldman Sachs logo is seen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly
NEW YORK (Reuters) – Goldman Sachs Group Inc (NYSE:) has appointed Akila Raman as director of business and strategy for banking transactions within its newly formed Platform Solutions unit, according to an internal memo seen by Reuters on Thursday.
Raman joins the unit from within the bank, where she most recently served as director of investment banking operations, according to the memo.
In October, Goldman scaled back the ambitions of its direct-to-consumer bank Marcus by placing it under the newly merged asset and wealth division. It also brought parts of the business into a new unit called platform solutions, which houses transaction banking, credit cards and financial technology.
Platform Solutions suffered a net loss of $1.67 billion last year, the bank said, due to a higher provision for potential bad loans.
The Wall Street bank has been bolstering the new unit with hires like Zeeshan Razzaqui, who recently became co-head of commercial lending at the unit’s point of sale.
ETF Accelerator, which is run by Lisa Mantil, also recently became part of Platform Solutions. The business allows its clients to launch, list, and manage their exchange-traded funds (ETFs).
