Cardoe quits Goldman’s for Arthur Andersen role

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.

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

vacancies.



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,

John Rogers.



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’

flotation.



The bank’s planned IPO was delayed last year by turmoil in the equity

markets.



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