Departures of Sumit Rajpal and Andrew Wolff threaten to undermine a big fundraising push

Former Reporter

The two heads of Goldman Sachs's flagship private investing business quit Friday, the latest senior departures at the Wall Street firm and ones that threaten to undermine a big fundraising push.

Sumit Rajpal and Andrew Wolff jointly ran Goldman’s $100bn-plus merchant bank, which invests the firm’s money and that of clients into deals. They were elevated last spring to help spearhead a big fundraising push, which aims to bring in another $100bn over the next five years.

Private investing chiefs leave Goldman Sachs

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