Goldman Sachs Spain And Portugal Co-head Alvaro Del Castaño Retires After 30 Years

Goldman Sachs Group Inc. announced that Alvaro del Castaño, its co-head for Spain and Portugal and caput of backstage wealthiness management, will discontinue aft much than 3 decades astatine nan bank.

According to Reuters, del Castaño’s departure follows reports that he had authored governmental sentiment pieces criticising some Donald Trump and Pedro Sánchez. The articles, published nether his sanction successful The Objective, were reportedly deleted earlier this twelvemonth aft Bloomberg News contacted Goldman Sachs.

A spokesperson for Goldman Sachs said, “Alvaro has had an fantabulous 30-plus-year profession astatine nan patient and has decided to discontinue from Goldman Sachs. We look guardant to continuing to activity pinch him connected matters that use our clients.”

Alvaro del Castaño’s 30-year profession crossed Iberia and Latin America

Del Castaño joined Goldman Sachs successful 1993 arsenic an subordinate successful equity derivatives earlier moving into finance banking and later plus management. Over his career, he oversaw business improvement successful nan Iberian Peninsula and Latin America, becoming a managing head successful 2002.

According to El Español’s Invertia, del Castaño plans to motorboat a caller individual financial task pursuing his retirement.

Multiple reports said that nan executive had been captious of authorities activity successful his writings, peculiarly regarding economical policies successful Spain. While Goldman Sachs emphasised that his columns did not bespeak nan firm’s views, nan timing of their removal has drawn attraction wrong Spain’s financial community.

Del Castaño’s exit marks nan extremity of 1 of nan longest-serving banking careers successful Spain’s financial sector, pinch imaginable implications for backstage wealthiness guidance successful nan Iberian market.

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