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In line with the memo, the highest Goldman dealmaker Lemkau is leaving the financial institution on the finish of the 12 months

Gregg Lemkau, Co-Head of Investment Banking at Goldman Sachs & Co.

Christopher Goodney | Bloomberg | Getty Images

Goldman Sachs loses one of its top dealmakers.

Gregg Lemkau, a nearly three-decade-old veteran of the bank and co-head of the investment banking powerhouse business, is leaving Goldman later this year. This emerges from an internal memo that CEO David Solomon sent out on Monday.

Known as one of Wall Street's premier merger bankers, Lemkau has advised on hundreds of transactions since joining the bank in 1992.

"Please thank Gregg for his many contributions to the company, our customers and our employees, and wish him and his family all the best for the years to come," said Solomon in the memo.

Here is Solomon's full memo:

Gregg Lemkau withdraws from Goldman Sachs

Gregg Lemkau, Co-Head of the Investment Banking Division (IBD) and member of the Management Committee, will leave the company at the end of the year.

As co-head of IBD, Gregg led our efforts to further consolidate and expand our world-leading investment banking franchise. During his more than 28 years with the company, he has advised hundreds of transactions and spent considerable time advising our clients in all sectors worldwide while working in our offices in the US and Europe. The company has benefited greatly from Gregg's deep and extensive understanding of the industries and markets, as well as his strong approach to customer service.

Gregg was also instrumental in our commitment to sustainable inclusive economic growth and helped design and implement our Board Diversity Initiative. He worked closely with our customers to improve their diversity representation prior to going public, and through this critical work he underscored our company's belief in the importance of having different voices at the table, both in business and in society are.

Additionally, during his nearly three decades with Goldman Sachs, Gregg was a steward of the company's teamwork and excellence culture and a key talent developer and mentor to so many of our current and future leaders. He has also sponsored a number of important employee support programs, including events organized by the Goldman Sachs Veterans Network and our Veterans Integration Program.

Gregg has performed excellently since joining us in 1992 as an analyst with Mergers & Acquisitions. Prior to his current role as co-head of IBD, Gregg was co-head of Global Mergers & Acquisitions. He was also global co-head of the Technology, Media and Telecom Group, global co-head of the Healthcare Group, and chief operating officer of the Investment Banking Division. Gregg is a member of the IBD Executive Committee and previously chaired the Firmwide Commitments Committee and was a member of the Partnership Committee from 2011 to 2015. He was appointed managing director in 2001 and partner in 2002.

Please thank Gregg for his numerous contributions to the company, our customers and our employees and wish him and his family all the best for the years to come.

David M. Solomon

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