Deals
Goldman Activism Defense Chief Joins Activist Investor Elliott
- Barg led activism defense, shareholder advisory efforts
- Elliott pushed for changes at companies like EBay, Samsung
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Goldman Sachs Group Inc.’s top activism banker Steven Barg is joining the New York hedge fund Elliott Management Corp., one of the main firms he used to defend companies against, according to an internal memo obtained by Bloomberg.
Barg will join the firm as its new global head of corporate engagement, the memo states. Barg, a Goldman partner, was the bank’s co-head of mergers and acquisitions shareholder advisory. He is also a veteran capital markets banker and spent the bulk of his career in Asia. He joined Goldman in 2010 from UBS Group AG.