Financialish.com is particularly pleased to congratulate two of the new partners -

(i) Sean McHugh, Head of Compliance at Goldman Sachs for the Asia Pacific Region - we’ve known & admired him for many years.

(ii) Court Golumbic, Global Head of Financial Crime Compliance - among other things, a Bear Stearns veteran.

 

Every 2 years, Goldman Sachs promotes a fresh class of partners in a closely watched tradition that heralds back to the time when the company was still a private firm. On receiving the promotion, partners typically get a salary increase and a slice of a special bonus pool. The promotions become effective on 1/1/17.

This year’s list of the chosen is the longest since 2010 and includes the largest percentage of women.  Here are some statistics:

• This year, 84 partners were added - 78 were designated in 2014;  111 in 2010;
• 19 (23%) are women - which surpasses previous years;
• 82% of new partners work in the areas that generate revenue – e.g., investment banking, asset management;
• 18% come from Goldman’s “federation” - the behind-the-scenes functions like compliance and technology;
• 75% of the new partners having started at Goldman Sachs as either analysts or associates.
• Around 500 (1.6%) of all Goldman employees are partners.

[Click the link for the names of all new Goldman Sachs partners.]