Alvaro del Castagno. Credit score: Linkedin
Goldman Sachs Group has introduced that Álvaro del Castaño, co-head of Spain and Portugal and head of personal wealth administration, will retire after greater than 30 years on the financial institution.
Del Castaño’s resignation adopted experiences that he had written political opinion items criticizing each Donald Trump and Pedro Sanchez, Reuters reported. An article printed in The Goal below his identify was reportedly eliminated earlier this yr after Bloomberg Information contacted Goldman Sachs.
A Goldman Sachs spokesperson stated, “Mr. Alvaro has determined to retire from Goldman Sachs after a distinguished profession of greater than 30 years with the agency. We sit up for persevering with to work with him on points that profit our shoppers.”
Alvaro del Castaño’s 30-year profession in Iberia and Latin America
Del Castagno joined Goldman Sachs in 1993 as an affiliate within the fairness derivatives division, then moved to funding banking after which asset administration. All through his profession, he oversaw enterprise improvement within the Iberian Peninsula and Latin America, turning into Managing Director in 2002.
In accordance with Spanish newspaper Invertia, Del Castaño plans to launch a brand new private finance undertaking after he retires.
In accordance with experiences, the chief criticized the federal government’s management within the e book, notably concerning Spain’s financial coverage. Though Goldman Sachs burdened that his column didn’t replicate the corporate’s views, the timing of its removing has drawn consideration in Spain’s monetary neighborhood.
Del Castaño’s departure brings to an finish the longest-serving profession as a banker in Spain’s monetary sector and will have implications for personal wealth administration within the Iberian market.
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