Pick, 49, had previously run the trading business.
Will Americans embrace a new party founded by bankers?
THe firm is exploring the sale of a stake in its asset management unit.
Such projects would pave the way for vast tracts of investors to expand into crypto, potentially reviving prices.
The bank’s first-quarter revenue from the fixed-income business blew its target away.
About 30 of the cuts were in the U.S., with many in New York.
It has turned to BlackRock for an edge in technology to get its clients to move all their assets to the bank.
The firm is likely to dismiss some pricey recruits from recent years.
Technology in the trading business has increased efficiency, Goldman President David Solomon said.
Moelis has a net worth normally reserved for chieftains of hedge funds or private equity giants.
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