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Goldman Sachs ECM Chairman John Daly to Retire After 28 Years
John Daly, Goldman's chairman of global equity capital markets, is retiring from his role after 28 years at the firm. He will become an advisory director, maintaining relationships with long-term clients and providing guidance to the firm’s ECM bankers.
Daly joined the firm in 1988, and moved to equity capital markets in 1993. He worked out of New York for 7 years and Hong Kong for 4 years. Prior to his current role, he became head of ECM for the Americas in 2012. Goldman Sachs has been one of the leaders in equity issuance - which includes IPOs - ranking in the top 3 globally in 5 of the past 7 years.
“John has played a significant role in growing and developing our ECM franchise around the world.” -- Richard Gnodde and John Waldron, Goldman Sachs’ co-heads of investment banking, in a memo to staff.
Daly took over the global chairman role in February 2016. He was succeeded by David Ludwig and Pete Lyon to run the equity capital markets business in the Americas. There are no immediate plans to fill the global chairman role, the firm’s spokeswoman said.
