Wealth adviser quits Goldman Sachs
Wealth adviser Jeremy Singer, an adviser to UK non-domiciled residents, has parted company with Goldman Sachs.
It is understood that Singer looked after a book of business worth more than $3bn, including clients from Ireland, where Goldman enhanced its offering in 2007 by recruiting senior advisers from Davy Stockbrokers.
According to industry sources, Singer may be planning to develop a new business, imitating other wealth advisers whose clients have become increasingly prosperous over the last decade. Goldman itself owns a 5% stake in start-up boutique Vestra Wealth. Goldman declined to comment.
Goldman Sachs has raised its game in wealth management after hiring Peter Scaturro, former head of US Trust, to lead the division. After a mixed reception for his initiatives, Doug Grip stepped down as co-head of wealth outside the US earlier this year, leaving Christopher French in sole charge.
Goldman chief executive Lloyd Blankfein has confirmed that wealth advice is a core Goldman Sachs offering, although the bank's top priority is improving its bottom line.
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