The latest appointments, moves and personnel changes in the North American wealth management sector.

Goldman Sachs
Goldman Sachs has reportedly elevated seven partners to join its management committee, widening its top decision-making group to 46 people. Several of the new partners come from wealth management, a sign of how this business area is important to the group.

Bloomberg, citing unnamed sources, said promotions include James Reynolds and Vivek Bantwal, global co-heads of private credit within Goldman Sachs Asset Management. 

John Mallory and Nishi Somaiya, global co-heads of the wealth management unit at the bank, are joining the committee. They will be replacing Tucker York, who was named chair of global wealth management and remains on the committee, the report said.

Family Wealth Report has contacted Goldman Sachs for clarification and may update this article in due course.

Other committee joiners are Michael Brandmeyer, global head and chief investment officer of the external investing group, Kristin Olson, global head of alternatives for wealth, and Gregory Calnon, global co-head of public investing. They are part of the asset and wealth-management arm.

Last week’s Bloomberg article said that Richard Gnodde and Rich Friedman are leaving the management committee.

Raymond James 
A team of advisors based in Maryland has joined the employee advisor channel of Raymond James.

The team, comprising advisors Garrett Thrift, Kara Burt, Blake Saulsbury and Wade Oursler, operates as Thrift Private Wealth of Raymond James in Easton, Maryland. The advisors arrive from Merrill Lynch where they previously managed about $1 billion in client assets. The practice serves business owners, families, individuals, family offices and retirees. They are joined by client service associates Chris Gostomski and Blair Goodrich.