John Richert knew the moment Goldman Sachs was coming to town.
First, the J. P. Morgan Chase banker got a call from a recruiter in June 2017 asking if he would consider joining the rival. Then Goldman went after his entire team of nine bankers. Now, he’s running into Goldman on a daily basis as the two banks compete to provide companies advice on mergers and other deals.
While high-stakes competition between the two titans isn’t new, the battleground is: Richert, 46, is located in Atlanta and focuses on companies that generate $500 million to $5 billion in revenue, regional businesses that Goldman had mostly ignored.
