Goldman Sachs Names Veteran Bankers To Replace Gary Cohn
Image by Getty Images
Goldman Sachs Group Inc on Wednesday named company veterans David Solomon and Harvey Schwartz presidents and co-chief operating officers to succeed Gary Cohn, who is set to head the White House National Economic Council.
The Wall Street investment bank said Chief Information Officer R. Martin (Marty) Chavez would replace Schwartz, who was the company’s chief financial officer. Schwartz will remain CFO through the end of April 2017.
Solomon, a Bear Stearns veteran who joined Goldman in 1999, co-heads Goldman’s investment banking division.
Cohn was widely considered Chief Executive Officer Lloyd Blankfein’s heir apparent.
With the split of the role, Goldman has returned to a co-president, co-chief operating officer structure. Cohn had earlier served alongside Jon Winkelried in this arrangement, until Winkelried’s departure from the firm in 2009.
I’m personally matching all gifts to the Forward, up to $36,000. Can I match your gift now?
Hello, fellow Forward reader! I’m Joel Brown, a Forward reader and supporter for more than 15 years, and currently the chair of the board of directors.
I’m an avid Forward reader because it ticks so many of my essential boxes: excellent journalism, Jewish focus and diverse viewpoints. In today’s political climate, what I most appreciate is the Forward’s independence — made possible by the generosity of its membership.
The Forward is committed to bringing you unbiased, nuanced Jewish news. From my position as board chair, I see an exciting future as we expand our position as the definitive independent voice of contemporary American Judaism.
— Joel Brown, Forward board chair
Support our mission to tell the Jewish story fully and fairly.
