Goldman Sachs Group Inc. announced on April 22, 2026, the appointment of Akila Raman as the global head of its private and alternatives capital markets business. The leadership change, communicated via an internal memorandum, signals a significant expansion of the firm’s commitment to the alternative asset sector, which encompasses private equity, private credit, real estate, and hedge funds. This strategic move is designed to enhance the bank’s ability to connect institutional capital with private market opportunities at a time of increasing demand for non-traditional investment vehicles.
In her new capacity, Raman will be responsible for overseeing capital raising, deal structuring, and distribution strategies globally. She moves into the role after serving as the chief commercial and strategy officer for transaction banking, where she was instrumental in scaling the firm’s digital banking platform for corporate and institutional clients. Raman’s career at Goldman Sachs spans over two decades; she joined the firm in 2004, was named managing director in 2015, and was elected to the partnership in 2018. Her previous experience includes serving as the chief operating officer of the investment banking division and leading the natural resources debt capital markets group.
The appointment is a central component of the firm’s Capital Solutions Group, a specialized unit established in 2025. This division was created to focus on structuring large-scale, complex financing deals and providing bespoke lending solutions to corporate clients navigating volatile market environments. By coordinating resources across the global investment banking and global markets divisions, Goldman Sachs aims to implement a One Goldman model. This approach is intended to provide alternative asset managers with a comprehensive suite of services, ranging from initial fund formation and leveraged financing to eventual public offerings and secondary market liquidity.
Concurrent with Raman’s new role, the firm announced that Michael Voris has been named to an expanded leadership position as the Americas head of equity derivatives. Voris, a partner since 2020 who joined the bank in 2010, will continue to serve as the co-head of equity capital markets for the Americas. The dual appointments reflect the firm’s broader organizational strategy to prioritize high-growth, high-margin business lines such as private credit and structured finance. These areas have become increasingly vital to the firm’s revenue mix as traditional investment banking activities encounter cyclical headwinds.
Goldman Sachs currently oversees approximately $2.8 trillion in assets under management and holds a market capitalization of roughly $275 billion. The firm has maintained its position as the top provider of global merger and acquisition advisory services by revenue for 20 consecutive years. By elevating internal leaders with deep cross-divisional experience, the bank seeks to leverage its extensive global network to facilitate complex cross-border transactions. The restructuring of the alternatives capital markets leadership is expected to streamline operations and improve the efficiency of capital delivery to the firm’s global client base.