Elinor Ruth Tatum Publisher New York Amsterdam News. Prior to joining Apollo in 2021, Vivender was with Goldman Sachs, where he worked most. Steinberg Chairman Jefferies Financial Group. Paul Spivey Principal Phillips Oppenheim. Those promotions come amid a booming year for IPOs, even if M&A deal volume has slowed. Akila Raman Chief Operating Officer of the Investment Banking Division Goldman Sachs. New York Goldman Sachs promoted Christina Minnis, Akila Raman and Miriam Wheeler in the firms global financing group, boosting the trio of women to its senior ranks. For example, the firm picked Stephan Feldgoise and Mark Sorrell to co-lead the global M&A business, while its equity-capital markets business will be run by David Ludwig, who will serve as its global head, while Gabe Gelman and Simon Watson will co-lead the business in the Americas. Of course, the bank still promoted plenty of mem during this latest shake-up. Of the nearly 500 funds the bank incorporated into its research, only 63 were designated "woman-led". And it's not like the difference was all that extreme: 43% of women-led funds (that is, funds with at least one female PM) outperformed their benchmarks, while 41% of male-led funds outperformed. Its research department recently published a 'study' claiming women-led mutual funds outperform funds led by men, without explaining that such a small sample size makes a comparison like this essentially useless. This isn't the bank's first attempt at virtue-signaling: Goldman made headlines earlier this year when the bank announced it wouldn't do IPOs for companies that don't have at least one "diverse" candidate on their board. "Diversity" is a top priority for CEO David Solomon, who has a goal of shifting the composition of the bank's executives to 40% women. Akila Raman will become the COO of the global financing group and Miriam Wheeler head of Americas real estate financing. GS will also promote Christina Minnis to co-head of global credit finance, alongside Michael Marsh, who was also recently promoted. Akila currently is chief operating officer of the Global Financing Group and head of Americas Natural Resources Investment Grade Capital Markets and Risk Management within IBD. She's the first woman to lead the operation, as well as the youngest person to hold the role. One of the most high-profile moves is the promotion of MD Kim Posnett, 43, to become the first female co-head of investment-banking. Just weeks after Citigroup named the first female CEO to lead a Wall Street megabank, Goldman Sachs has announced the elevation of a handful of female MDs to leadership positions as the 'Vampire Squid' seeks to burnish its 'woke' credentials. GS will also promote Christina Minnis to co-head of global credit finance, alongside Michael Marsh, who was also recently promoted. This year 425 Goldman Sachs’ employees were annointed “Managing Directors” which according to means an average annual comp of approximatley $1 million.Just weeks after Citigroup named the first female CEO to lead a Wall Street megabank, Goldman Sachs has announced the elevation of a handful of female MDs to leadership positions as the 'Vampire Squid' seeks to burnish its 'woke' credentials. By continuing your navigation, you consent to their use. when the bank-that-does-God’s-work chooses who to bless with mass affluence. The organizational chart of Goldman Sachs Investment Banking displays its 28 main executives including Dan Dees, Jim Esposito and Akila Raman × We use cookies to provide a better service. By : Zero Hedge Published on : 6:07:09 PM
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