Goldman Banker Exits After Posts Against Trump, Spain’s Sánchez

Goldman Sachs Group Inc.’s co-chairman of Spain and Portugal is leaving the bank after writing scathing political articles about U.S. President Donald Trump and Spanish Prime Minister Pedro Sánchez.

Alvaro del Castano, who has worked at Goldman Sachs since 1993 and was appointed to his current senior role in March, will leave the bank in the coming months after senior executives made it clear he could not continue, according to people with knowledge of the matter.

“Alvaro had an excellent career with the firm for more than 30 years and has decided to retire from Goldman Sachs,” said Nick Carcaterra, a spokesman for the bank. “We look forward to continuing to work with him on issues that benefit our clients.”

Del Castano declined to comment.

del Castano, a political columnist for The Objective, a Spanish-language online publication, wrote in a post that the state of US politics stems from Trump’s “bad manners, self-centeredness, obvious remorse, and morally questionable nature.” After Bloomberg News approached Goldman Sachs about del Castano’s writings in March, The Objective deleted the articles.

Del Castano, who is also the region’s head of private wealth management, had been writing for The Objective for several years without citing Goldman Sachs. In March, a bank spokesperson said the firm was “unaware of these articles” and that they “do not represent the views of Goldman Sachs.”

In a 2023 article, del Castano criticized Sánchez and his government, saying that “the decline of our institutions, thanks to Sanchismo and their Podemos partners, is slow but inevitable.”

Del Castano’s departure was announced last month in a memo to staff that did not mention his columns.

“During his time at Goldman Sachs, Alvaro helped drive strategic initiatives and deepen client relationships across the business,” wrote Chris French and Rob Mullane, who together run the bank’s wealth management business in Europe, the Middle East and Africa. “Alvaro has served as a valuable leader and mentor to many people throughout the company.”

With the help of Sridhar Natarajan.

This article has been generated from an automated news agency feed without modifications to the text.