American investment banking giant Goldman Sachs has appointed John Mallory as the new head of its private wealth management arm for the Americas.
Based in Los Angeles, Mallory will oversee expansion of the company’s private wealth management teams across 14 offices in the US and Latin America.
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At the same time, he will also continue to manage the firm’s institutional client unit.
Mallory joined Goldman Sachs in 1998. He formerly led the firm’s investment management division in the West region, with responsibility for managing private wealth operations in Los Angeles, San Francisco and Seattle.
Goldman Sachs global head of private wealth management Tucker York said: “John’s new role reflects our ambitious plans for the future and the importance of our regional network. He has been serving our clients well for more than 20 years, and his leadership will help us continue to serve them better as their needs change and grow.”
The private wealth management business forms part of the firm’s investment management arm, which manages around $1.5 trillion in assets.
