Goldman Sachs to Cut 125 Managing Directors, Promoted 80 to Goldman Sachs Partners in 2023
24th June 2023 | Hong Kong
Goldman Sachs is cutting around 125 Managing Directors globally, having promoted 80 to Goldman Sachs partners in 2023. In June 2023, Goldman Sachs, JP Morgan, Citigroup, and UBS recently-acquired Credit Suisse have started cutting investment banking jobs. Every 2 years, Goldman Sachs names new partners with 80 in 2022, 60 in 2020, 69 in 2018 and 84 in 2016. Goldman Sachs new partners earn around $1 million per year in base salary, receives incentives, and additional bonus from a bonus pool reserved for Goldman Sachs partners. Managing Directors in Goldman Sachs are paid $400k to $600k in base salary. In total, Goldman Sachs has around 400 to 500 partners, with around 43,000 employees (1:100 partner to employee ratio). More info below.
“ Goldman Sachs to Cut 125 Managing Directors, Promoted 80 to Goldman Sachs Partners in 2023 “
Goldman Sachs Promotes 80 to Partners in 2023 with 6 from APAC: Rob Taylor, Isaac Wong, Stuart Wrigley, Faisal Shamsee, Sivasubramanian Balaji & Zac Fletcher
10th November 2022 – Goldman Sachs has promoted 80 individuals as Goldman Sachs Partners in 2023 with 53 from Americas, 21 from EMEA (Europe, Middle East & Africa) and 6 individuals from Asia-Pacific – Rob Taylor (Hong Kong), Isaac Wong (Hong Kong), Stuart Wrigley (Singapore), Faisal Shamsee (Singapore), Sivasubramanian (Balaji, Bengaluru) and Zac Fletcher (Sydney). Every 2 years, Goldman Sachs names new partners with 80 in 2022, 60 in 2020, 69 in 2018 and 84 in 2016. For the class of 2022 partners promoted, on average, they had been at Goldman Sachs for 16 years. Goldman Sachs new partners earn around $1 million per year in base salary, receives incentives, and additional bonus from a bonus pool reserved for Goldman Sachs partners. Managing Directors in Goldman Sachs are paid $400k to $600k in base salary. In total, Goldman Sachs has around 400 to 500 partners, with around 43,000 employees (1:100 partner to employee ratio). In 2021, Goldman Sachs CEO David Solomon receives a total compensation of $35 million while JP Morgan CEO Jamie Dimon receives $34.5 million. See the full name list of Goldman Sachs Class of 2022 Partners below.
Goldman Sachs Partners – Goldman Sachs new partners earn around $1 million per year in base salary, incentives, and will receive additional bonus from a bonus pool reserved for Goldman Sachs partners. Managing Directors in Goldman Sachs are paid $400k to $600k in base salary. In total, Goldman Sachs has around 400 to 500 partners, and has around 43,000 employees (1:100 partner to employee ratio). Every 2 years, Goldman Sachs names new partners with 80 in 2022, 60 in 2020, 69 in 2018 and 84 in 2016.
- Goldman Sachs Regroup into 3 Units: Asset & Wealth Management with $2.4 Trillion AUM Led by Marc Nachmann, Investment Banking & Trading and Transaction Banking & Fintech Portfolio
- Goldman Sachs Closes $9.7 Billion Private Equity Fund, Invests $300 Million Per Deal in Financial & Business Services, Healthcare, Consumer, Technology & Climate Transition
Goldman Sachs Partner Class of 2022
“Today we are pleased to announce the Partner Class of 2022, a group of 80 individuals who have been invited to become partners of Goldman Sachs as of January 1, 2023, the start of our next fiscal year.
Every other year, we announce a new class of partners at the firm, preserving the spirit of partnership that has been at the heart of our culture for 153 years. While much has changed since our founding in 1869, our commitment to elevating leaders who embody our core values of partnership, client service, excellence and integrity remains steadfast. Each of our new partners has contributed meaningfully to our business and culture, while embracing the firm’s One Goldman Sachs ethos.
As we take the next step in the evolution of our strategic journey — and make progress together on execution — our new partners will help lead our talented teams around the world in continuing to make a tangible impact. Together, these leaders have already contributed to our efforts to strengthen, grow and diversify our firm, and we look forward to working closely with them as we focus on the opportunity set ahead.
These decisions are extremely difficult, and we acknowledge the hard work of those who were not selected this year. Please join us in congratulating the Partner Class of 2022. “
David Solomon, CEO & John Waldron, President & COO
The following individuals will become Partners of the firm as of January 1, 2023, the start of our next fiscal year:
- Osman Ali, New York
- Amal Alibair, Washington, DC
- Jean Altier Bohm, New York
- Frederick Baba, New York
- Sivasubramanian Balaji, Bengaluru
- Melissa Barrett, New York
- Pierre Benichou, New York
- Kerry Blum, New York
- Michael Broadbery, New York
- Robert Charnley, London
- Rob Chisholm, San Francisco
- Stephen Considine, London
- Alicia Crighton, New York
- Aneesh Daga, London
- Ranga Dattatreya, New York
- Alexis Deladerrière, New York
- Jack Devaney, New York
- Kene Ejikeme, London
- John Fathers, New York
- Zac Fletcher, Sydney
- John Flood, New York
- Kelly Galanis, New York
- Gizelle George-Joseph, New York
- Scot Goodman, New York
- Betsy Gorton, New York
- Ken Grahame, New York
- Dinesh Gupta, Jersey City
- Kay Haigh, London
- Aiden Hallett, New York
- Milan Hasecic, London
- Stephanie Ivy Sanford, Los Angeles
- Lear Janiv, London
- Jessica Janowitz, New York
- Moritz Jobke, London
- Vanya Kasanof, New York
- Sarah Kiernan, New York
- Tony Kim, London
- Chloe Kipling, London
- Jennifer Kopylov, New York
- Adam Lane, New York
- Lia Larson, London
- Risa Lederhandler, London
- Naomi Leslie, New York
- Justin Lomheim, London
- Gina Lytle, San Francisco
- Christiane Macedo, New York
- John Manzi, New York
- Shahmil Merchant, London
- Pooja Mishra Prahlad, New York
- Babak Molavi, London
- Robert Mullane, London
- Harsh Nanda, New York
- Joseph Persky, New York
- Raya Prabhu, New York
- Richard Privorotsky, London
- Ali Raissi-Dehkordy, London
- Zeeshan Razzaqui, New York
- Elizabeth Reed, New York
- Christian Resch, London
- Vanessa Resnick, New York
- Fernando Rivera, New York
- Faisal Shamsee, Singapore
- Stephen Stites, New York
- Rob Taylor, Hong Kong
- Luc Teboul, New York
- Troy Thornton, New York
- Jason Tofsky, New York
- Ben Wallace, New York
- Brandon Watkins, San Francisco
- Whitney Watson, New York
- Greg Watts, Alpharetta
- Greg Wilson, New York
- Ed Wittig, New York
- William Wolcott, West Palm Beach
- Isaac Wong, Hong Kong
- Stuart Wrigley, Singapore
- Rupam Yadav, New York
- Jon Yarrow, London
- Basak Yavuz, New York
- Ryad Yousuf, London
About Goldman Sachs
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
