According to a report from Bloomberg citing sources familiar with the matter at hand, Karen Seymour, Goldman Sachs Group Inc’s general counsel is leaving the bank.
Karen Seymour, Goldman’s top lawyer, played a pivotal role in negotiations the bank’s settlement with U.S. and international investigators into the role played by Goldman Sachs bankers in Malaysia’s 1MDB corruption scandal.
In 2020, Goldman agreed to pay $2.9 billion in a settlement with the U.S. Department of Justice and other U.S. and overseas regulators in part for breaking anti-bribery laws.
Goldman Sachs’ spokeswoman declined comment.
In 2018, Seymour had joined Goldman Sachs after leaving Sullivan & Cromwell LLP, where she was a partner. Previously she led the criminal division at the U.S. Attorney’s Office for the Southern District of New York, where she prosecuted Martha Stewart in 2004.
The development assumes significance since Seymour is the second member of Goldman’s management committee which is leaving the bank this week.
Eric Lane, global co-head of Goldman’s asset management arm, is also leaving Goldman Sachs and will be joining Tiger Global Management.