Days after a Citigroup Inc. banker announced plans to return to his alma mater, Goldman, Sachs & Co.'s head of investment management, Edward Forst, is leaving to become executive vice president of Harvard University in September.
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Forst, a Harvard alum who graduated in 1982, only took over as head of investment management last month when former co-head Peter Kraus left to become executive vice president and a member of Merrill Lynch & Co.'s management committee.
At Goldman, Forst will be replaced by senior strategy officer Tim O'Neill and Marc Spilker, chief operating officer for the investment management division.
In related news, Citi's Frank Yeary announced Monday he is leaving as global head of mergers and acquisitions to become vice chancellor for the University of California, Berkeley in August. Yeary graduated from UC Berkeley in 1985. Raymond McGuire, co-head of investment banking for Citi, will become the M&A chief until a replacement is found. - Baz Hiralal
