Goldman Sachs has expanded its management committee and appointed new executives to lead various divisions ahead of a potential increase in dealmaking activity. The bank’s CEO, David Solomon, said the new group of leaders represents “the very best” of the firm’s culture and will help advance strategic objectives.
The management committee, established in 1965, is responsible for steering strategy, policy, and other key management matters. The shake-up comes as the bank prepares for at least five more years under Solomon’s leadership, which began in 2018.
Solomon has been transforming the bank since taking over, focusing on increased collaboration across divisions and boosting its asset- and wealth-management division. Last week, Goldman reported a 100% increase in profits amid rising dealmaking activity.
The new executives joining the management committee include:
– Global coheads of investment banking: Matt McClure, Anthony Gutman, and Kim Posnett
– Global coheads of fixed income, currency, and commodities: Jason Brauth, Kunal Shah, and Anshul Sehgal
– Global coheads of equities: Dmitri Potishko, Cyril Goddeeris, and Erdit Hoxha
– Global coheads of client coverage for global banking and markets, public: Kevin Kelly and Sam Morgan
– Co-CEOs of Goldman Sachs International: Anthony Gutman and Kunal Shah
Other key appointments include Richard Gnodde as vice chair, Francois-Xavier de Mallmann as chair of Goldman Sachs Europe, Middle East, and Africa, and Jack Sebastian as vice chair of the firm.
Source: https://www.businessinsider.com/goldman-sachs-leadership-shakeup-management-committee-investment-bank-david-solomon-2025-1