Investment Banking

Goldman Sachs axes IPO diversity pledge

Corporate DE&I policies have come under pressure following Donald Trump’s return to the White House

The Wall Street giant won’t turn away work anymore
The Wall Street giant won’t turn away work anymore Photo: Michael Nagle/Getty Images

Goldman Sachs has axed a key diversity mandate for its IPO clients amid a wider US political backlash against DE&I efforts.

The Wall Street bank confirmed it had ended a policy under which it would not underwrite public listings for companies in the US and Western Europe if their boards were all white and all male.

WSJ Logo