The bank has remained committed to the unit in spite of its weak results, making at least seven new hires to the unit in the past few months, and pushing investment bankers to use their relationships with natural resources companies to help drive business.
Still, focus is likely to remain on the business and the executives charged with turning it around -- including Isabelle Ealet, co-head of the securities division who is leading the review, and Don Casturo, who was last year appointed chief operating officer of the unit.
So far, 2018 is proving kinder to Goldman’s commodities business than 2017, according to one of the people: it had a good start to 2018, profiting from volatility in energy markets as the U.S. northeast was hit by a blast of freezing weather.
This article was provided by Bloomberg News.