Dive Deposits: Goldman Named New Partners but Left Other Details Out
The class is 15% larger than in 2024, and 13 engineers were promoted as Goldman shifted more weight toward technology and wealth management.
- On Thursday, Goldman Sachs announced it elevated 109 executives to partner, the firm's largest class since 2010.
- The announcement continues the bank's tradition of selecting leaders every two years; this year's class is 15% larger than in 2024, when the firm promoted 95 executives.
- Asset and Wealth Management saw a record showing with 30% of the new partners, while Goldman promoted 13 engineers, the highest number ever for that division.
- When the new positions take effect in January, Goldman will have more than 500 partners, around 1% of the firm, and will include more than 100 female partners for the first time.
- Candidates underwent an intense review process known as "cross-ruffing," with CEO David Solomon and leadership prioritizing technological savvy, including AI, in this year's promotions.
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Dive Deposits: Goldman named new partners but left other details out
The bank did not give a gender or racial breakdown for its largest partner class since 2010. That doesn’t necessarily mean it’s shelving diversity; it may be staying purposefully quiet.
The US investment bank dispenses with the breakdown of demographic data, but continues to call the diversity of its workforce decisive.
Goldman Sachs buries DEI metrics as it names biggest partner class since 2010
The Wall Street giant is handing out highly lucrative partnerships to stop rainmakers from defecting to private equity — but declined to reveal the racial and gender breakdown of its newest elite club.
Goldman Sachs promotes 109 bankers to partner ranks but omits ...
The US bank has unveiled its traditional biannual "partners" promotion. London and New York continue to concentrate the most appointments but Asia, via Hong Kong and Singapore, is growing in power while France remains in the lead in the European Union.
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