Ex-BofA No. 2 Tom Montag said to be in line to join Goldman Sachs board
At Goldman, Montag was big in Japan
Montag bleeds Goldman blue. He was with the firm for 22 years, leaving as a co-head of the global securities business in 2007. He was named a partner in 1994, when Goldman was still a private partnership, not a publicly traded corporation. He joined the firm's management committee in 2002. Montag once led Goldman's operations in Japan and during that time was that nation's largest individual taxpayer,At Bank of America, Montag led the global banking and markets division, and was instrumental in the merger of Merrill Lynch and Bank America that remade the bank after the financial crisis. Though a divisive figure who inspired intense loyalty among some and loathing among others, Montag is widely recognized as a gifted and intelligent bank executive.
As the COVID pandemic raged in spring of 2020, Montag initially pressed staffers in the markets division to be in the office despite stay-at-home orders, the Times reported. The article portrayed Montag as having a hard-driving leadership style and a tendency to play favorites. Since leaving BofA, Montag has headed up Rubicon Carbon, a carbon credit business. Private-equity firm TPG invested $300 million in the new firm,"one of the private sector's largest efforts to expand the roughly $2 billion market for voluntary carbon credits that companies buy to offset their carbon emissions,"Subscribe to push notifications
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