
Gus Levy was a trailblazer in the world of finance, and his life's work is a testament to his unwavering dedication and perseverance. Born in 1911, Levy grew up in a family of modest means, yet he would go on to achieve incredible success.
Levy's career spanned over four decades, during which he held various leadership positions, including serving as the head of the fixed income division at Goldman Sachs. His expertise and innovative approach to bond trading helped establish Goldman Sachs as a leading player in the financial industry.
Levy's commitment to his work was matched only by his commitment to his family and community. He was known for his generosity and philanthropy, particularly in the area of education.
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Career
Gus Levy started his career as a runner for the brokerage firm Newborg & Co. before joining Goldman Sachs in 1933 as a trader on the foreign bond desk.
He spent his early years in Paris and New Orleans before moving to New York in 1928. Gus was born in New Orleans in 1910.
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Gus was named partner in 1945, marking a significant milestone in his career. He was one of the most respected men in the industry.
He became senior partner in 1969, launching an era marked by an expanded international focus and an increasing willingness by the firm to take on trading risk. Gus transformed the sales and trading function at Goldman Sachs by popularizing the practice of block trades.
Gus led Goldman Sachs until he passed away in 1976. He was succeeded by John L. Weinberg and John C. Whitehead, who served as co-senior partners.
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Sources
- https://guslevy.bandcamp.com/album/magia-magia
- https://www.goldmansachs.com/our-firm/history/moments/1967-alcan-block-trade
- https://en.wikipedia.org/wiki/Gus_Levy
- https://www.goldmansachs.com/our-firm/history/moments/1969-gus-levy-senior-partner
- https://icahn.mssm.edu/about/srt/archives/oral-history/events/levy-memorial
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