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NY Times: Goldman Banker Had Raised Ethics Concerns

NY Times: Goldman Banker Had Raised Ethics Concerns
(Roman Tiraspolsky/Dreamstime)

Tuesday, 11 September 2018 09:23 AM

A former Goldman Sachs Group Inc. partner had raised concerns about some unethical practices at the bank before he left in 2015, the New York Times reported on Tuesday, citing people close to the matter.

James Katzman, who led the bank's West Coast mergers-and-acquisitions practice, had used the whistle-blower hotline in 2014 to report on the investment bank trying to hire a customer's child and colleagues' repeated attempts to obtain and then share confidential client information, the paper reported.

The investigation was taken up by the bank’s general counsel and Katzman was urged to move past his complaints, the newspaper reported, citing several people familiar with the interactions.

Katzman refused and left Goldman (GS.N) in 2015. He was required to sign a confidentiality agreement that he believed prevented him from sharing his concerns with board members or regulators, people close to Katzman told the newspaper.

Goldman could not be immediately reached for comment. Reuters could not reach Katzman.

In May, the bank enlisted its top management in a firm-wide initiative on conduct and culture issues.

The program is a mandatory, global training program that convenes the firm’s partners and managing directors to reinforce a responsibility – particularly among the firm’s leaders – for strengthening culture and reputation.

© 2018 Thomson/Reuters. All rights reserved.

   
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A former Goldman Sachs Group Inc. partner had raised concerns about some unethical practices at the bank before he left in 2015, the New York Times reported on Tuesday, citing people close to the matter.
ny times, goldman, banker, ethics
207
2018-23-11
Tuesday, 11 September 2018 09:23 AM
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