Goldman Sachs Appoints Ben Wallace Co-Head of Mergers & Acquisitions in the Americas

Goldman Sachs has announced that Ben Wallace will assume additional responsibilities as co-head of Mergers & Acquisitions in the Americas. The move is part of the investment bank's efforts to expand its presence in the region.

Goldman Sachs Group Inc. has announced a significant leadership change within its investment banking division, promoting Ben Wallace to co-head of mergers and acquisitions (M&A) in the Americas. The appointment, effective immediately, is part of the bank's strategic efforts to bolster its presence and performance in the region.

Ben Wallace, who joined Goldman Sachs in 2018 after spending his entire investment banking career at JPMorgan Chase & Co., will continue to serve as global head of healthcare M&A. This dual role reflects Goldman Sachs' commitment to strengthening its M&A capabilities, particularly in the Americas.

Wallace's promotion comes at a time when M&A activity is showing signs of recovery following a period of uncertainty. According to a memo reviewed by Bloomberg News, Wallace will work alongside existing Americas M&A co-heads Avinash Mehrotra and Brian Haufrect to drive the strategic direction of the Americas M&A business and identify new opportunities to strengthen the franchise [1].

The move is part of Goldman Sachs' broader strategy to sharpen its focus on core strengths in investment banking and trading, while scaling back its consumer banking footprint. This strategic shift aligns with the company's efforts to concentrate on areas where it has consistently demonstrated strong performance.

Goldman Sachs' decision to promote Wallace reflects its confidence in his leadership and expertise, particularly in advising on deals across the healthcare sector, including biopharma, medical devices, and healthcare services. The appointment underscores the bank's commitment to leveraging its leadership position, extensive operational scale, and exceptional talent to drive growth in key areas.

As M&A activities rebound and capital markets regain momentum, both Goldman Sachs and Morgan Stanley are well-positioned to benefit from the anticipated continued rebound in investment banking revenues. Goldman Sachs' strategic focus and leadership in dealmaking give it a clear edge, making it a compelling investment opportunity for those seeking a combination of value, solid performance, and market leadership.

References:
[1] https://www.bloomberg.com/news/articles/2025-07-10/goldman-sachs-promotes-ben-wallace-to-co-head-of-americas-m-a