About the role
Goldman Sachs is parting company with a senior European M&A banker who's been around for 15 years. He has two replacements, one of whom is making a curious internal move.
It's understood that Johannes (Jan) Fritze, a London-based Goldman Sachs partner who joined from Citi in 2010 is retiring. Fritze ran Goldman's EMEA and APAC real estate group.
Goldman is replacing Fritze with two people, one of whom is not an M&A banker. Heiko Weber and Trent Wilkins will be the new co-heads of EMEA real estate for the firm. Weber is a real estate bank who joined Goldman as an analyst in 2005 and seems par for the course. Wilkins, however, is a managing director who's been co-running the EMEA corporate origination group and who comes from a debt capital markets (DCM) background.
Wilkins graduated from the London School of Economics in 2011 and by our reckoning is in his mid to late 30s. His promotion is not exactly equivalent to Kunal Shah's attainment of partner as a trader aged 32 in 2014, but is still impressive. It takes longer to progress in investment banking.
Wilkins was only promoted to co-head of EMEA corporate investment grade origination last June, so his unexpected move into M&A represents his second new job in less than a year.
About the company
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.