Goldman Sachs has appointed Nishi Somaiya as its global head of private banking, lending and deposits.

She is moving into wealth management from her current role as global co-head of growth equity.

Following Ms Somaiya’s promotion, Darren Cohen and Stephanie Hui will continue as global co-heads and co-chief investment officers of growth equity.

Ms Somaiya joined Goldman Sachs in 2001 upon her graduation from the University of Oxford. She was named a managing director in 2011 ...