Alvaro del Castaño. Credit: Linkedin
Goldman Sachs Group Inc. announced that Alvaro del Castaño, its co-head for Spain and Portugal and head of private wealth management, will retire after more than three decades at the bank.
According to Reuters, del Castaño’s departure follows reports that he had authored political opinion pieces criticising both Donald Trump and Pedro Sánchez. The articles, published under his name in The Objective, were reportedly deleted earlier this year after Bloomberg News contacted Goldman Sachs.
A spokesperson for Goldman Sachs said, “Alvaro has had an excellent 30-plus-year career at the firm and has decided to retire from Goldman Sachs. We look forward to continuing to work with him on matters that benefit our clients.”
Alvaro del Castaño’s 30-year career across Iberia and Latin America
Del Castaño joined Goldman Sachs in 1993 as an associate in equity derivatives before moving into investment banking and later asset management. Over his career, he oversaw business development in the Iberian Peninsula and Latin America, becoming a managing director in 2002.
According to El Español’s Invertia, del Castaño plans to launch a new personal financial project following his retirement.
Multiple reports said that the executive had been critical of government leadership in his writings, particularly regarding economic policies in Spain. While Goldman Sachs emphasised that his columns did not reflect the firm’s views, the timing of their removal has drawn attention within Spain’s financial community.
Del Castaño’s exit marks the end of one of the longest-serving banking careers in Spain’s financial sector, with potential implications for private wealth management in the Iberian market.
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