Goldman Sachs has just named Eric Lane as co-chairman of the firm's partnership committee. Lane co-heads the investment-management division, a business that has been posting strong growth. Pablo Salame, co-head of Goldman’s securities division, is the other co-chairman. 

Lane joined the bank back in 1996 and made partner in 2002 while still in his late 20s - making him one of the firm's youngest ever partners. He was COO of the investment-management division before getting the call up to co-head the business in 2011.

The rank of Goldman Sachs partner is still one of the most sought after job titles on Wall Street. Those who get called up are given a comfortable raise and a solid chunk of the bonus pool. They're also provided investment opportunities not available to other employees. Their day-to-day work lives don't change drastically, though they're expected to take on more responsibilities in the form of partner meetings and firm-wide committees.

The bank named 84 partners in the last promotion round in 2016, including 10 from the investment management division. Currently, more than 400 of Goldman's roughly 35,000 employees are partners.