(Bloomberg) — Goldman Sachs Group Inc. is promoting a roster of star executives to lead its biggest Wall Street lines of business, spotlighting the company’s next generation of leaders.
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The bank, which just announced an increase in profits, is bringing in new global leaders for its equities, fixed income and banking units, according to people familiar with the matter, who asked not to be named. named when discussing personnel decisions. He also appoints new co-heads of the international unit and considerably expands the management committee.
Erdit Hoxha, Cyril Goddeeris and Dmitri Potishko will supervise the actions; Kunal Shah, Anshul Sehgal and Jason Brauth are expected to manage fixed income; and Kim Posnett, Matt McClure and Anthony Gutman will lead banking.
Shah and Gutman become co-chief executives of Goldman Sachs International in addition to their new roles. Richard Gnodde, 64, will leave the management of international activities and become vice-president of Goldman Sachs.
The male-heavy promotions cap more than a year of deliberations within Goldman over how to appoint the firm’s next generation of leaders, giving the roster more influence in shaping operations. The division head positions currently filled are not part of the bank’s current structure, with managers reporting to executives who oversee the broader segment of the bank and markets.
In total, these changes represent the most significant elevation of Goldman’s future leadership outside of CEO David Solomon’s core team in recent years.
A spokesperson for the New York-based company declined to comment.
In addition to the new heads of equities, fixed income and banking, Sam Morgan and Kevin Kelly will provide client coverage for the firm’s trading activities.
François-Xavier de Mallmann, president of the investment bank, will become president of Goldman Sachs EMEA. He will join the management committee alongside the new division heads, in addition to Will Bousquette, operational director of assets and wealth activities, Kathleen Connolly, global director of internal audit of the bank, and Marie Louise Kirk, administrative director for Asia. -Peaceful.
The changes add 15 people to Goldman’s executive committee, bringing the total to 39.
