Goldman Sachs Spain and Portugal co-head Alvaro del Castaño retires after 30 years

Goldman Sachs Group Inc. announced that Alvaro del Castaño, its co-head for Spain and Portugal and head of private wealth management, will retire after more than three decades at the bank.

According to Reuters, del Castaño’s departure follows reports that he had authored political opinion pieces criticising both Donald Trump and Pedro Sánchez. The articles were published under his own name in The Objective and were reportedly deleted by Goldman Sachs after Bloomberg News reached out to them earlier this season.

Goldman Sachs spokesperson said: “Alvaro had an excellent career of over 30 years at the firm, and has retired from Goldman Sachs.” We look to working with him in the future on matters that will benefit our customers.

Alvaro del Castaño’s 30-year career across Iberia and Latin America

Del Castaño joined Goldman Sachs in 1993 as an associate in equity derivatives before moving into investment banking and later asset management. He has overseen business development on the Iberian Peninsula, Latin America and in investment banking. In 2002, he was promoted to managing director.

According to El Español’s Invertia, del Castaño plans to launch a new personal financial project following his retirement.

Multiple reports claimed that the executive’s writings were critical of the government, especially regarding economic policy in Spain. Goldman Sachs has stressed that his columns do not represent their views. However, the timing in which they were removed has caused concern within Spain’s finance community.

Del Castaño’s exit marks the end of one of the longest-serving banking careers in Spain’s financial sector, with potential implications for private wealth management in the Iberian market.

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