Goldman Sachs wealth management division has seen the departure of Nick Spencer, US chief investment officer and Paul Marson, international ...

Goldman Sachs wealth management division has seen the departure of Nick Spencer, US chief investment officer and Paul Marson, international chief investment officer, according to a report in Financial News.

Citing a source, the report said the pair had disagreed on strategy with global investment chief Sharmin Mossavar-Rahmani, although the bank declined to comment.

The departures follow the restructuring of Goldman’s wealth division in which 10 country and regional divisions in Europe and the Middle East have been created.

The changes have led to several high-profile departures, including distribution co-head Sameer Sain, who resigned to set up his own venture in India and Alexander Classen, former head of Switzerland, who is now head of Morgan Stanley’s high net worth business.