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Goldman Sachs Sells Online Platform for Structured Notes

Sridhar Natarajan, Carolina Wilson
Goldman Sachs Sells Online Platform for Structured Notes

Goldman Sachs Group Inc. sold a web platform that helped market complex bond-like instruments to mom-and-pop investors, according to people with knowledge of the matter. The bank agreed to sell a majority stake in the operation, known as Simon, which will start operating as an independent entity in coming months, the people said, asking not to be identified because the information isn’t public. Jason Broder, head of the private investor products group at Goldman Sachs, will leave the bank with the completion of the deal, the people said.