![]() He’s credited as one of the key architects behind Goldman’s push into Main Street, seeing through the growth of Marcus into a billion-dollar business in five years. Ismail, in particular, offers rare credentials. The audacious poaching punctuates years of warnings by bank leaders that their industry faces tough new challengers, after regulators smoothed the way for corporate giants and Silicon Valley to expand into payments and other services. ![]() Walmart’s move - depriving one of Wall Street’s elite firms of the talent atop its own foray into online banking - underscores the seriousness of the retailer’s intent to intertwine itself in the financial lives of its customers. Omer Ismail and David Stark, two top executives at Marcus by Goldman Sachs, are joining Walmart's fintech startup backed by venture capital firm Ribbit Capital, Bloomberg and The Wall Street Journal reported Sunday, citing anonymous sources. “We wish these two well.” Walmart didn’t immediately respond to calls seeking comment. Omer Ismail, the head of Goldman’s consumer bank, is making a surprise exit to the fintech, according to people with knowledge of the matter. “Our business has serious momentum and a deep and growing bench of talent,” said Andrew Williams, a Goldman Sachs spokesman. has lured a pair of senior Goldman Sachs bankers to help lead a new fintech startup as the retail giant muscles into the banking business. When one of the company’s young stars, 42-year-old Omer Ismail, left with one of his deputies to run a Walmart-backed startup, Goldman CEO David Solomon was so angry that the bank considered. The world’s largest retailer made a splash last month when it disclosed plans to offer financial services with an independent venture in a tie-up with investment firm Ribbit Capital without offering much detail.ĭavid Stark, one of Ismail’s top lieutenants at Goldman, will join him in the new venture, the people said, asking not to be identified as the moves haven’t been announced. Omer Ismail, the head of Goldman’s consumer bank, Marcus, is making a surprise exit to the fintech, according to people with knowledge of the matter. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |