All articles tagged with #management committee
Goldman Sachs is reorganizing its management committee, with two veterans exiting and the creation of two new committees to oversee investment banking and markets. This comes after the bank merged its banking and trading division in 2022 and amid other high-profile departures, including the retirement of Jim Esposito and the exits of Julian Salisbury and Dina Powell McCormick.
Goldman Sachs is considering a major overhaul of its management committee, which could involve expanding or shrinking the committee. The decision will be made by CEO David Solomon, who is advised by his No. 2, John Waldron. The committee currently has 30 members, but with recent departures and retirements, there is an opportunity for a significant change. If the committee is expanded, new additions are likely to have closer ties to Waldron, who is seen as Solomon's presumed successor. The final decision will be made by Solomon, and the announcement is expected to come next month.