Goldman Sachs announces new roles for Minnis and Wheeler

Published January 23, 2026 3:00 PM

Updated January 23, 2026 3:00 PM

1 Min Read

In this week's banking news roundup: Goldman Sachs has a new role for veteran partner Christina Minnis; JPMorgan taps Simon Dale as global head of credit portfolio group lending; Citi hires Anand Govind as a managing director on its technology investment banking team; and more.

Goldman elevates Minnis, moves Wheeler to lead leveraged finance

Goldman Sachs is making leadership changes across its global credit business, creating a new role for veteran partner Christina Minnis.

Minnis will become global head of the bank's alternatives origination group, while fellow partner Miriam Wheeler is taking over as global head of leveraged finance, according to internal memos seen by Bloomberg News.

Minnis, who became a partner in 2008, will retain her duties as global head of credit and asset finance and global head of acquisition finance. She will continue to report to Pete Lyon and Mahesh Saireddy, who lead the bank's capital solutions group.

Wheeler, who has been running the bank's commercial real estate finance group since 2023, will report to Minnis. Wheeler joined Goldman Sachs in 2005 and became a partner in 2018.

With Wheeler's move to leveraged finance, Steven Moffitt and Rajiv Kamilla, partners and global co-heads of the residential, consumer and other financial assets group, will assume additional responsibilities for the global commercial real estate finance group. —Aaron Weinman and Dani Burger, Bloomberg News

JPMorgan names Simon Dale to lead credit portfolio group

JPMorganChase has named Simon Dale as its global head of the credit portfolio group lending, a team that manages regulatory capital using tools such as synthetic risk transfers.

Dale replaces William Ledger, who has spent more than three decades at the bank, according to people familiar with the matter.

The credit portfolio group lending unit manages a loan portfolio of more than $300 billion, the people said. In addition to SRT transactions, the team uses credit default swaps, secondary loan sales and credit risk insurance to reduce risk and concentration of positions.

Until recently, Dale has been head of credit portfolio group lending for Europe, Middle East and Africa, the people said. A representative for JPMorgan declined to comment. Dale didn't immediately reply to a request for comment.

In 2023, JPMorgan issued an SRT tied to more than $20 billion of loans, one of the largest deals of its kind, helping drive a gradual increase in the use of the transactions by U.S. banks. —Esteban Duarte, Bloomberg News

Citi hires tech executive Govind for investment banking

Citi has hired Anand Govind as a managing director on its technology investment banking team, focused on enterprise software and artificial intelligence.

Govind is set to start later this month and will be based in San Francisco, according to a memo reviewed by Bloomberg News. Mark Keene and Pankaj Goel said in the memo that Govind will report to them.

His hiring comes as Citi expands its senior ranks amid rising corporate investment in artificial intelligence and cloud software. David Friedland, whom the bank hired from Goldman Sachs Group, started this month as co-head of North America investment banking coverage.

Govind is joining from o9 Solutions, where he served as chief financial officer. He previously spent more than a decade at JPMorganChase and Morgan Stanley in technology investment banking. A Citi spokesperson confirmed the contents of the memo. –Veena Ali-Khan, Bloomberg

Santander investment banking Vice Chair David Miller to leave

Banco Santander's vice chair of investment banking, David Miller, is set to leave the firm.

Miller "has decided to retire," Global Head of Investment Banking Jose Maria Linares said in an internal memo Friday that was seen by Bloomberg News. "His contributions over the past two years here, as well as more than three decades in the business, have left a lasting and positive mark on our industry and its people."

Miller, who was Credit Suisse's former investment banking co-head, joined the Spanish lender in 2023 in New York and has helped reshape the business. He was among many Credit Suisse executives who got hired by Santander after the Swiss bank had almost collapsed and was then taken over in an emergency deal by rival UBS Group earlier that year.

Santander has been betting on investment banking in the U.S. since at least 2021, when it agreed to buy brokerage Amherst Pierpont Securities. —Macarena Muñoz and Jorge Zuloaga, Bloomberg News

FAB joins UAE lenders’ Turkey push with ex-HSBC banker hire

First Abu Dhabi Bank opened a representative office in Istanbul, the latest example of lenders from the United Arab Emirates expanding their operations in Turkey.

FAB hired Tolga Kisakurek, a former executive vice president at Istanbul-based Dogan Investment Bank who's also held director roles at HSBC Holdings and Citi, to lead the office, according to a post by Kisakurek on LinkedIn. Kisakurek confirmed the role but declined to comment further when contacted by Bloomberg.

The website of Turkey's banking regulator shows FAB is registered to an address in Istanbul's Levent business district. An employee at the building said the office has been open for about two weeks.

FAB didn't respond to requests for comment.

The bank's move to set up a physical presence in the country comes after a breakdown in its preliminary talks to buy Turkish lender Yapi ve Kredi Bankasi in 2024. —Patrick Sykes, Bloomberg News

Societe Generale plans 1,800 jobs cuts in France to trim costs

Societe Generale plans to eliminate 1,800 positions in France by the end of 2027 as Chief Executive Officer Slawomir Krupa aims to rein in costs. France's third-largest bank revealed the plan for job cuts to labor unions this week, according to the CGT union. A Societe Generale official declined to comment to Bloomberg News.

The staff reductions, out of a French workforce of about 40,000, would be made through attrition rather than forced departures, the CGT said.

Societe Generale is coming off a strong year that saw its shares soar about 150%, outperforming all its main European rivals. Yet its cost base remains stubbornly high by some measures, and the union had indicated in November that the lender intended to close 101 branches in France in 2026.

The job reduction plans were earlier reported by the Financial Times. —Frank Connelly, Bloomberg News