Both Ismail and Stark joined Walmart's nascent fintech startup, as first reported by Bloomberg. But within months, Ismail left the firm along with David Stark, a fellow partner and one of the creators of the Marcus' Apple Card. Omer Ismail, a partner at the firm and one of the earliest backers of Marcus within Goldman, took control of the consumer division at the start of 2021. And turnover within Marcus has been more similar to that of a startup, especially in 2021. Most of its senior leadership joined the firm from other companies or via acquisitions. Marcus represented a change from that trend.

More than half of the firm's 2020 partner class started their careers at the firm. Goldman employees in divisions like investment banking and sales and trading (now called global markets) tend to boast long tenures. In 2016, Goldman launched Marcus, an upstart consumer bank within the firm looking to establish itself on Main Street. But it would still be another eight years before it fully entered into the consumer-banking space. The move meant it could deal in deposits and checking accounts. That all changed in 2008, when the investment bank became a bank holding company in the wake of the financial crisis. Serving the ultra-wealthy and institutional clients, the investment bank flew below the radar for much of Main Street, never putting a logo on its buildings. These are the 13 people leading Marcus through a period of growth and change.įor most of its 152-year history, Goldman Sachs was not a household name.The consumer bank has seen its leadership overhauled over the past 12 months.Goldman Sachs is known for long tenures and promoting from within, but Marcus has seen turnover.

Account icon An icon in the shape of a person's head and shoulders.

Omer ismail