Goldman Sachs (GS) promoted seven of its partners to its management committee, bringing the number of members in the decision-making body to 47, the company said on Monday.
The new promotions reflect the bank’s push to grow its Asset & Wealth Management business, it said.
“The opportunity to continue to grow our franchise across AWM is a core strategic objective for the firm, and this group of leaders will help us advance our goals as we continue to build a global, scaled AWM platform,” Chairman and CEO David Solomon said in a statement.
The partners named to the management committee are:
- James Reynolds, global co-head of Private Credit within Goldman Sachs Asset Management and chief executive officer of Goldman Sachs Asset Management International;
- Vivek Bantwal, global co-head of Private Credit within Goldman Sachs Asset Management;
- Michael Brandmeyer, global head and chief investment officer of the External Investing Group within Goldman Sachs Asset Management;
- John Mallory, will become global co-head of Wealth Management;
- Kristin Olson, global head of Alternatives for Wealth within AWM;
- Nishi Somaiya, will become global co-head of Wealth Management; and
- Gregory Calnon, global co-head of Public Investing within Goldman Sachs Asset Management.
Goldman Sachs (GS) stock rose 1.2% in Monday morning trading.