Goldman Sachs has named FX de Mallmann its new chairman of investment banking, promoting the firm’s long-time London-based dealmaker to a role alongside its other major European rainmaker, Karen Cook.

The move comes as part of a broader reshuffle of investment banking at Goldman on Monday, with Gregg Lemkau and Marc Nachmann being appointed to new roles as co-heads of the investment banking division alongside John Waldron.

Mr de Mallmann was most recently the firm’s co-head of consumer, retail and healthcare division. He has been at the firm since 1993, according to a company memo seen by the Financial Times.

According to the memo signed by Mr Lemkau, Mr Waldron and Mr Nachmann:

“FX will continue to serve as a trusted advisor to many of our key clients and enhance the IBD franchise. He has been a driving force in building client relationships and has led numerous significant transactions. This appointment reflects the importance and growth of the firm’s global client franchise and recognizes FX’s many contributions to the Investment Banking Division”

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