Goldman Sachs’ Spain and Portugal co-head Alvaro del Castano to retire after 30 years

Investing.comWednesday, October 8, 2025 at 8:42:59 PM
Goldman Sachs’ Spain and Portugal co-head Alvaro del Castano to retire after 30 years
Alvaro del Castano, co-head of Goldman Sachs for Spain and Portugal, is set to retire after a remarkable 30-year career with the firm. His departure marks the end of an era for the investment bank in the Iberian Peninsula, where he played a pivotal role in expanding its influence and operations. This transition is significant as it opens the door for new leadership and strategies in a region that continues to evolve economically.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Goldman Sachs upgrades S-Oil stock to Buy on refining outlook and FCF inflection
PositiveFinancial Markets
Goldman Sachs has upgraded S-Oil's stock to a 'Buy' rating, citing a positive outlook for refining and an anticipated inflection in free cash flow (FCF). This upgrade is significant as it reflects confidence in S-Oil's financial health and operational efficiency, which could attract more investors and boost the company's market position. With the refining sector showing signs of recovery, this move by Goldman Sachs could lead to increased interest in S-Oil, potentially enhancing its stock performance.
Goldman Sachs’ SWOT analysis: trading strength buoys stock amid challenges
PositiveFinancial Markets
Goldman Sachs has recently conducted a SWOT analysis that highlights its trading strength, which has positively impacted its stock performance despite facing various challenges. This is significant as it showcases the firm's resilience and ability to adapt in a fluctuating market, reassuring investors about its long-term viability.
Spain stocks higher at close of trade; IBEX 35 up 1.15%
PositiveFinancial Markets
Spain's stock market closed on a high note, with the IBEX 35 index rising by 1.15%. This positive trend reflects growing investor confidence and could signal a robust economic recovery, making it an important development for both local and international markets.
Portugal stocks higher at close of trade; PSI up 0.40%
PositiveFinancial Markets
Portugal's stock market closed on a positive note, with the PSI index rising by 0.40%. This uptick reflects investor confidence and could signal a strengthening economy, making it an important indicator for both local and international investors.
Goldman Sachs Plans SRT Tied to $5 Billion of Corporate Loans
PositiveFinancial Markets
Goldman Sachs is making a strategic move by selling a risk transfer linked to a substantial $5 billion portfolio of corporate loans. This decision highlights the firm's proactive approach in managing risk and capitalizing on market opportunities, which could enhance its financial stability and investor confidence.
Bloomberg Wealth: Katie Koch
PositiveFinancial Markets
In a recent episode of Bloomberg Wealth, TCW President and CEO Katie Koch shared insights on her investment philosophy and the evolving private credit market. She discussed her transition from Goldman Sachs to leading TCW in Los Angeles, highlighting how her experiences as a woman in finance have shaped her career positively. Koch's perspective is particularly relevant as it sheds light on the opportunities and risks in today's financial landscape, making her insights valuable for investors and industry professionals alike.
EU says Spain’s airline fines over cabin bag fees breach regulations
NegativeFinancial Markets
The European Union has criticized Spain for imposing fines on airlines regarding cabin bag fees, stating that these penalties breach EU regulations. This situation highlights the ongoing tension between national regulations and EU laws, raising concerns about consumer rights and airline practices. It matters because it could set a precedent for how airlines handle baggage fees across Europe, potentially impacting travelers and airline operations.
TAP CEO Sees Airline Joining Major Aviation Group ‘Soon’
PositiveFinancial Markets
TAP SA, the Portuguese airline, is on track to join a major aviation group in the near future, according to CEO Luis Rodrigues. This development comes as the government progresses with plans to sell a minority stake in the airline, which could enhance TAP's competitive edge and operational capabilities. Joining a larger group could provide TAP with greater resources and opportunities, making this a significant step for the airline's future.
Apollo to Focus Potential Spain Deals on Energy, Data Centers
PositiveFinancial Markets
Apollo Global Management is turning its attention to Spain, seeking investment opportunities primarily in the energy transition, data centers, and infrastructure. This focus is significant as it highlights the growing importance of sustainable energy solutions and technological advancements in the region, potentially leading to economic growth and job creation.
Goldman Sachs says stocks not in a bubble... yet
NeutralFinancial Markets
Goldman Sachs has recently stated that while stock prices are elevated, they do not believe the market is in a bubble at this time. This insight is significant as it suggests that investors can still find opportunities in the market without the fear of an imminent crash. Understanding the current market dynamics can help investors make informed decisions about their portfolios.
Goldman Sachs downgrades Screen HD stock to Sell on weak growth outlook
NegativeFinancial Markets
Goldman Sachs has downgraded Screen HD's stock to a 'Sell' rating due to concerns over its weak growth outlook. This decision reflects the investment bank's cautious stance on the company's future performance, which could impact investor confidence and market dynamics. Such downgrades can lead to a decline in stock prices, affecting shareholders and the overall market sentiment.
Goldman Sachs downgrades Lantheus stock on growth visibility concerns
NegativeFinancial Markets
Goldman Sachs has downgraded Lantheus stock due to concerns over its growth visibility. This decision reflects the investment bank's cautious outlook on the company's future performance, which could impact investor confidence and stock value. Understanding these shifts is crucial for stakeholders as they navigate the complexities of the market.
Latest from Financial Markets
China Clamps Down Even Harder on Rare Earth Exports
NegativeFinancial Markets
China's recent decision to impose stricter regulations on rare earth exports is raising concerns among global manufacturers who rely on these critical materials. This move could disrupt supply chains and increase costs for industries ranging from electronics to renewable energy. As China controls a significant portion of the world's rare earth resources, this clampdown may lead to heightened tensions in international trade and could push countries to seek alternative sources, impacting the global market dynamics.
Philippine Central Bank Surprises With Rate Cut as Economy Slows
NegativeFinancial Markets
The Bangko Sentral ng Pilipinas has unexpectedly cut interest rates for the fourth consecutive time, signaling concerns over a slowing economy. This move surprised market analysts who were not anticipating such a decision, highlighting the central bank's cautious stance amid a weaker growth outlook. This rate cut could have significant implications for borrowing costs and economic activity in the Philippines, as it aims to stimulate growth in a challenging environment.
ID photos of 70,000 users may have been leaked, Discord says
NegativeFinancial Markets
Discord has reported a significant data breach involving the potential leak of ID photos from 70,000 users. The platform revealed that hackers targeted a third-party firm responsible for verifying user ages, raising serious concerns about privacy and security. This incident highlights the vulnerabilities that can arise when personal data is handled by external companies, emphasizing the need for robust security measures in the digital age.
Uniqlo Owner Sees Stronger Profit and Sales in New Fiscal Year
PositiveFinancial Markets
Fast Retailing Co., the owner of Uniqlo, is projecting stronger profits and sales for the fiscal year ending August 2026, exceeding what analysts had anticipated. This positive outlook is significant as it reflects the company's resilience and growth potential in a competitive retail market, which could lead to increased investor confidence and further expansion.
Water bills to rise further for millions after appeal
NegativeFinancial Markets
Millions of households are facing another increase in their water bills as five water companies have been granted permission to raise prices. This decision comes as these companies aim to secure more investment to address aging infrastructure, which is crucial for ensuring reliable water services. While the need for upgrades is clear, the financial burden on consumers is likely to spark frustration and concern about affordability.
Millions of water customers face higher hikes to bills; risk of winter blackouts falls – business live
NegativeFinancial Markets
Millions of water customers are facing higher bills as the CMA has largely rejected requests from water companies for increased spending funded by these bills. This situation is concerning, especially as Jamie Dimon, the CEO of JP Morgan, warns of a potential stock market tumble, indicating that economic pressures could be mounting. The implications of rising water costs combined with a shaky stock market could strain household budgets and impact consumer confidence.