Goldman's sovereign business leader, Powell McCormick, joins a merchant bank

Dina Powell McCormick (NYSE:MKC), the head of Goldman Sachs Group Inc (NYSE:GS)’s sovereign business, is leaving to join merchant bank BDT & MSD Partners, the company said on Tuesday.

Powell McCormick, one of the most senior women at Goldman, is joining the merchant bank as a partner, vice chairman and president of global client services, according to a statement from her new firm.

The departure was reported earlier by the Wall Street Journal.

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