Alvaro del Castano, the co-head of Goldman Sachs Group Inc. for Spain and Portugal, is set to leave the bank. His departure comes after he published critical articles about US President Donald Trump and Spanish Prime Minister Pedro Sánchez.
Background on Alvaro del Castano
Del Castano has had a lengthy career at Goldman Sachs, having joined the firm in 1993. In March, he was appointed to his current senior position.
Reasons for Departure
Sources indicate that company executives expressed concerns over del Castano’s political commentary. His criticisms were deemed incompatible with his role at Goldman Sachs.
Impact on Goldman Sachs
The departure of a senior figure like del Castano raises questions about the bank’s internal policies regarding employee expressions of political opinion. Such a situation highlights the balancing act that financial institutions must navigate in a politically polarized environment.
- Del Castano’s tenure at Goldman Sachs: since 1993.
- Appointed to his role: March 2023.
- Political articles criticized Trump and Sánchez.
As Goldman Sachs prepares for del Castano’s exit, it may need to address the broader implications of political discourse among its executives.
