Walmart’s tactic of taking team members away from Goldman Sachs shows its commitment to entering into the world of banking, Bloomberg writes, demonstrating that the retail giant is intent on getting involved in the financial activities of its customers. Meanwhile, Stark had just taken part in Goldman’s work with Apple on credit cards, and had been named the company’s head of large partnerships just weeks ago. Ismail had formally taken on the control of the consumer bank at the beginning of the year, and had just helped to enact the strategy for Marcus - the bank’s biggest project in 30 years. But the departures are a setback for the bank, Bloomberg writes, as it had just entrusted both men with bigger roles at the company. In response, Goldman said it had “serious momentum and a deep and growing bench of talent,” wishing the two former employees well. Ismail is the head of Goldman’s commercial bank and is making a “surprise exit” to the FinTech.Īnd Stark, according to the release, is one of Ismail’s top lieutenants at Goldman and will be joining him. The executives are Omer Ismail and David Stark, the report says. Walmart is enlisting the help of two Goldman Sachs executives to help roll out a new FinTech startup as the retail giant gets into banking, Bloomberg reports.

Omer ismail and david stark