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Without fanfare, Goldsmith Agio Helms made a significant change in its top management. Jack Helms stepped down from his post as CEO at the beginning of the year and now serves as chairman, while seasoned bankers Mike McFadden and David Solomon became Co-CEOs.
Under the new leadership structure - the result of several years of succession planning - the three professionals serve as the Executive Committee of the firm, which has 12 shareholders.
While the term "succession planning" may imply that Helms is taking a back seat at the firm he helped build, nothing could be further from the truth. The move, he says, gives him more time to do what he loves most of all - make deals.
"This is about my desire to work more in investment banking and worry less about management. This firm is …