The head of Goldman’s investment banking unit, Julian Metherell, is leaving the firm to work with Tony Hayward, according to the Wall Street Journal.
The move is a fit for the Goldman Partner because of Metherell’s experience in advising oil and gas mergers. And here’s another reason the men might have bonded: Both men understand what it’s like to be a lightning rod for public anger.
Hayward because of the disastrous BP oil spill and his terrible PR, and Metherell because he was one of Goldman’s top-paid execs in 2009, during the peak of negative PR surrounding high pay during the financial crisis.
A quick bio of Metherell:
- Former British Army officer in his thirties
- Advised Talisman Energy Resources on its £1.2 billion offer for Paladin Energy
- Named a Partner in 2006
- Worked in Goldman’s New York headquarters as well
- Called a “rising star” who was moving up the hierarchy quickly
- Formerly head of Goldman’s UK investment banking arm
- Advised on Petrofac’s new venture with Sweden’s Lundin Petroleum
- One of Goldman’s top paid execs in 2009 — at the height of the crisis
Perhaps his shoes (big shoes — he was one of the top-paid people at Goldman in 2009) will be filled by Alastair Maxwell and Brett Olsher, whom the bank recently hired to lead part of its nat gas efforts.
Goldman also has a crop of new partners to help pick up the slack.