After Tom Montag fell behind in the race to lead Goldman Sachs in 2006, he lost no time in forging a new path at a Wall Street rival. Now he is on track to return to the bank at a time when it is lagging behind some of its peers.
The planned appointment, announced by Goldman on Thursday, has been in the works for a while. Montag, 66, started talks with the bank about a year ago, according to one person familiar with the matter, as Goldman looked for a replacement for Mark Winkelman, another former senior Goldman executive who retired from the board this year.
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