Traders work on the floor of the New York Stock Exchange near the Goldman Sachs stall July 16, 2010.© Brendan McDermid / Reuters/Reuters
Goldman Sachs Group Inc. has lured a senior banker from Canadian Imperial Bank of Commerce to oversee the business of selling new stock for clients.
Michelle Khalili, formerly a managing director at CIBC, quit to join Goldman.
She is moving from a bank with a top-ranked equity capital markets business in Canada to a much quieter firm. Goldman is a huge player globally in the business of equity capital markets, which involves raising capital for companies by running share offerings. But its activity in Canada has been relatively limited, generally with a focus on helping Canadian companies tap investors outside the country.