84 Goldman Sachs employees just got the promotion of their career
A small number of Goldman Sachs’ top performers got the phone call of their career this morning from the bank’s CEO Lloyd Blankfein and president/COO Gary Cohn.
Blankfein and Cohen let 84 of Goldman Sachs’ (GS) employees know they were promoted to partnership managing director, one of the most storied and coveted titles on Wall Street.
“These appointments recognize some of the firm’s most senior professionals and acknowledge their commitment to our franchise, people, culture and values,” Blankfein said in a statement.
“We congratulate all those selected and look forward to their continued strong performance, contributions and leadership in the months and years ahead.”
Nineteen of the 84 partners are women, equating to 23% of the class — the highest percentage ever. Eleven of the 84 partners are millennials born in 1980 or later. That compares to just 4% of the 2014 class.
The divisional breakdown is as follows: investment banking (22), merchant banking (7), securities (26), investment management (10), research (2), GS Bank (2), and federation (15).
Goldman’s partner class is selected every two years in an intensive and secretive process. The candidates are identified in the summer and are vetted through a process called “cross-ruffing,” a term derived from the card game bridge. During this process, current partners engage in a series of lengthy conversations on whether or not that candidate deserves to be made partner. The candidates are not interviewed and they have no idea who is cross-ruffing them.
Being made partner comes with a number of perks, including an increased base salary and a portion of the bank’s bonus pool that’s divvied up among the 400-plus Goldman partners. Partners are also given access to investment opportunities not available to other employees.
Below is the list of the newest partner class:
Nicole Agnew
Andrew Bagley
Jonathan Barry
Jonathan Bayliss
Deborah Beckmann
Michael Bruun
Robert Camacho
David Casner
Kenneth Castelino
Christian Channell
Massimiliano Ciardi
David Coulson
Chris Crampton
Canute Dalmasse
Michael Daum
Jennifer Davis
David Fox
Andrew Fry
Charlie Gailliot
Gabriel Gelman
Joshua Glassman
Court Golumbic
Parameswaran Gopikrishnan
Sarah Gray
Carey Halio
Brian Haufrect
Peter Hermann
Amanda Hindlian
Harold Hope III
Erdit Hoxha
Kathleen Hughes
Russell Hutchinson
Omer Ismail
Geraldine Keefe
Andre Kelleners
Aasem Khalil
Simon Kingsbury
Kathryn Koch
Tuan Lam
David Lang
Bruce Larson
Gavin Leo-Rhynie
Tim Li
Paget MacColl
Clifton Marriott
Elizabeth Martin
Jason Mathews
Alexander Mayer
Brendan McGovern
Sean McHugh
Céline-Marie Méchain
Jung Min
Sam Morgan
Edward Gary Morse
Heather Mulahasani
Dimitrios Nikolakopoulos
Michael Paese
Kim-Thu Posnett
Alexander Potter
Macario Prieto
Xiao Qin
Padideh Raphael
Marko Ratesic
Lawrence Restieri, Jr.
Jason Rowe
David Rusoff
Maheshwar Saireddy
Thierry Sancier
Jason Savarese
John Sawtell
Stacy Selig
Tejas Shah
Nicholas Sims
Nishi Somaiya
Li Hui Suo*
Aurora Swithenbank
Christopher Taendler
Richard Taylor
David Thomas
Andrew Tilton
Peter van der Goes, Jr.
Damien Vanderwilt
Peter Weidman
Neil Wolitzer
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Julia La Roche is a finance reporter at Yahoo Finance.
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