Goldman Sachs Group (GS) plans to demand an oath from junior bankers confirming their loyalty to the firm to enhance new employees' retention, Bloomberg reported Wednesday, citing unnamed people familiar with the matter.
The bank will now require new analysts to certify every three months that they have not accepted a new role elsewhere, the report added, citing the people.
The move is part of the bank's effort to reduce advances from other buyout firms, Bloomberg said.
Goldman Sachs declined MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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