What the Exit of Trading Whale Sundaram Means for Goldman

The transcript discusses the evolution of Goldman Sachs' trading team, highlighting the departure of key figures and the strategic shift under new leadership. It contrasts the past era of bold, risky deals with the current focus on aligning with industry norms and regulatory constraints. The role of Ram Sundaram is emphasized, showcasing his innovative and sometimes controversial deal-making approach, which contributed significantly to Goldman's success in complex transactions.

What implications does the shift in Goldman Sachs' trading strategy have for its market position?

In what ways did the trading team at Goldman Sachs distinguish itself in the past?