Goldman's M&A 'Terminator' to Retire
October 04 2016 - 2:00PM
Dow Jones News
John Vaske, one of Goldman Sachs Group Inc.'s merger and
acquisition co-chairs, is retiring from the firm, according to a
memo reviewed by The Wall Street Journal.
A 28-year veteran of the investment bank, Mr. Vaske in December
was named the third co-chair of the Goldman's global M&A group,
alongside Tim Ingrassia and Paul Parker. He started in Goldman's
M&A department as an analyst in 1988 and became a chemicals
banker, and later head of the natural-resources group.
Mr. Vaske recently advised DuPont Co., a longtime client,
through its fight with activist investor Nelson Peltz and its
subsequent, pending merger with Dow Chemical Co. He also advised
Baker Hughes Inc. on its aborted sale to Halliburton Co., which
fell apart amid regulatory scrutiny earlier this year.
The veteran merger banker was named managing director in 1998
and a partner in 2000—an unusually fast promotion track—and spent
time in the bank's offices in Tokyo and London.
Before joining Goldman, Mr. Vaske played basketball at Columbia
University, where his nicknames, according to the Columbia Daily
Spectator, included both "The Pillsbury Dough Boy" for his
strawberry-blond, farm-boy look, and "The Terminator" for his
defensive skills. He remains a booster of the program, as chair of
the basketball alumni committee, and is on the board of
PeacePlayers International, which runs basketball programs in
conflict-riddled countries.
His retirement was announced in a memo from Richard Gnodde,
David Solomon and John Waldron, co-heads of the investment-banking
division, which includes M&A. A copy of the memo was viewed by
The Wall Street Journal.
"Over the course of his career, John has enhanced our client
franchise by building meaningful and longstanding relationships
with numerous clients, has led a number of significant
transactions, and has played a central role in growing our natural
resources business across regions," it reads.
Write to Liz Hoffman at liz.hoffman@wsj.com
(END) Dow Jones Newswires
October 04, 2016 14:45 ET (18:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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