Merchant bank Goldman Sachs, which is preparing for flotation later
this year, is losing European PR chief Martin Cardoe to professional
services firm Arthur Andersen.
Cardoe has resigned from Goldman Sachs and will take up the
newly-created position of marketing director at Arthur Andersen’s global
corporate finance division in the next few weeks . He will report
directly to Arthur Andersen head of global finance, Martin Thorpe.
Arthur Andersen has four main service lines: global finance, tax and
legal, assurance and business advisory, and business consulting.
Cardoe’s resignation leaves Goldman Sachs with two senior European
In March (PR Week, 12 March), the bank began a search for a new director
of media relations after David Woods left in November 1998.
Since Woods’ departure, Cardoe, who headed a team of eight, reported
directly to Goldman’s global corporate communications head in New York,
Cardoe spent six years working for the bank, including three on
secondment from Shandwick.
Brunswick was appointed at the beginning of May to handle Goldman Sachs’
The bank’s planned IPO was delayed last year by turmoil in the equity