Goldman Reshuffles LatAm Brass

Goldman Sachs has made some adjustments to the top tier of its LatAm investment banking operation, according to an internal memo sent to employees this week. Confirming a November 6 LatinFinance report, Eduardo Centola has been removed from the Brazil investment banking operating committee and is no longer co-head of LatAm investment banking. He will now focus on client relationships in the region, according to the memo. The Brazil committee, which he was formerly part of, is now made up of Andy Rabin, Antonio Pereira and Daniel Wainstein, according to the note, signed by Kevin Kennedy, New York-based head of LatAm. All three report to Mexico-based Martin Werner, who is now sole head of LatAm investment banking, and Valentino Carlotti, president of the Brazil bank. No mention is made of Ana Cabral, co-head of Brazil ECM who has been rumored to have been moved aside. The memo demonstrates Goldman is seeking to center its decision-making with a small group of managing directors, and suggests the bank has no immediate plans to exit Brazil or the region.