Goldman sachs co-head of financial investment financial gregg lemkau is making the wall street bank to run msd partners, an investment firm-set up by processing business owner michael dell.

Until mondays statement, mr lemkau have been seen as a possible future chief executive at goldman. the 51-year-old mergers and acquisitions banker, whom joined up with goldman as an analyst in 1992, will move to msd partners in february.

Msd partners works alongside mr dells family members company, managing a lot more than $15bn in possessions in credit, private equity, property and public equities, with opportunities having ranged from ultimate battling championship to the four seasons hotel in maui.

M&a bankers had been shocked within deviation of mr lemkau, just who they saw as an essential advocate at the same time whenever goldmans focus features moved towards financing and from advising business titans.

Jim esposito, co-head of international securities unit, will replace mr lemkau at the start of 2021, according to a memo provided for the employees by david solomon, goldmans leader.

Mr esposito, 52, joined up with goldman in 1995 as a salesperson for emerging markets financial obligation and rose through ranks. mr esposito will be able to work alongside dan dees, who has been co-head for the financial investment financial product since 2018.

Gregg has helped lead our attempts to carry on to solidify and develop our pre-eminent financial investment banking team worldwide, mr solomon said. the company has benefited significantly from greggs deep and expansive comprehension of companies and areas, plus their distinctive client service mind-set.

Mr lemkau embodied the old school goldman banker. throughout their profession he became a trusted consigliere to chief executives, particularly in news and tech, including twitters jack dorsey, ubers dara khosrowshahi and teslas elon musk.

He acted as a vital agent to mr dell once the tech billionaire made a decision to simply take their eponymous personal computer organization exclusive in 2013 and then once again whenever dell went public five years later.

Mr lemkau will work alongside the companies co-founder and main financial investment officer, john phelan.

As you will find options for considerable continued growth, that is an ideal time for a leader like gregg lemkau to become listed on msd partners to help direct its method and execution, mr dell stated. ive understood gregg for a number of years and believe he will be a fantastic complement the culture that has been built at msd over 2 full decades.