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  • Goldman Sachs has named two veterans of firm’s strategy team to new key roles in its consumer and wealth management group.
  • Jemma Wolfe and Stephan Lambert will lead the newly formed CWM Strategy team.
  • Consumer and wealth management is one of Goldman’s four divisions, housing its Marcus business and private-banking services.

Goldman Sachs is adding some serious firepower to its efforts to beef up its consumer and wealth management division.

The Wall Street bank on Friday named two executives who previously worked on the firmwide strategy team to spearhead a newly formed group devoted to consumer and wealth-specific strategy and acquisitions. 

Jemma Wolfe and Stephan Lambert will head up the new team, according to an internal memo seen by Insider which was sent on Friday by Tucker York and Stephanie Cohen, the consumer and wealth group’s co-heads.

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