Goldman Sachs Appoints Ben Frost as Investment Banking Chairman After Leading $74B in Deals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Source: seekingalpha
- Executive Promotion: Goldman Sachs has appointed Ben Frost as chairman of investment banking, following his leadership in two major deals exceeding $74 billion over the past year, highlighting his influence and leadership in the consumer retail sector.
- Deal Context: Frost played a pivotal role in advising Kenvue on its approximately $50 billion acquisition in 2025 and participated in Sycamore Partners' $24 billion acquisition of Walgreens Boots Alliance, showcasing his key role in large transactions.
- Team Restructuring: Concurrently, Goldman Sachs has named Cosmo Roe and Milan Hasecic as new co-heads of the global consumer and retail group, aiming to enhance the department's market competitiveness and business expansion capabilities.
- Market Reaction: Goldman Sachs' stock rose 2.0% in late morning trading on Wednesday, reflecting positive market expectations regarding the company's executive changes and future growth potential.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 1038.680
Low
604.00
Averages
951.45
High
1100
Current: 1038.680
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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