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A look at the leadership behind Marcus by Goldman Sachs

  • Goldman Sachs' Marcus team is bringing in top talent from consumer banking and payments.
  • Tearsheet put together an organizational chart for marketing and product leaders.
Michael Deleon | January 20, 2020
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A look at the leadership behind Marcus by Goldman Sachs

Goldman’s consumer focus with its Marcus brand has it taking up more resources, more time, and more people. The bank has allocated billions of dollars to build out its consumer arm, but payback on that investment isn’t expected anytime soon.

Goldman’s consumer business, which includes Marcus as well as the bank’s credit card, generated $822 million in revenue over the four quarters ended Sept. 30, representing just 2.4 percent of the bank’s total revenue during the period. Goldman launched Marcus as part of a broader strategy that was initially expected to generate $5 billion in fresh annual revenue by entering new businesses and growing existing ones.

 

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