Explore stories from Atlantic Canada.
N.S. flood victim surprised by apartment makeover | SaltWireNEW YORK - Goldman Sachs will promote 608 executives to managing directors next year, fewer than the 643 senior bankers it elevated two years ago, according to a company memo.
Of the new managing directors, 47% were promoted from Goldman's traditional mainstays of investment banking and trading, while 24% came from asset and wealth management and 2% from platform solutions, the company said. But progress on racial representation slowed, as Black employees accounted for only 2% of managing directors, down from 5% in 2021. Hispanic or Latino staff made up 4%, down from 5% in 2021.The cohort was 31% Asian, a record level and up from 28% 2021.
Departures and job cuts have accelerated after Goldman Sachs divided its business into three units last year and scaled back ambitions for its consumer business, which has lost $3 billion in the last three years.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs’s Managing Director Class Shrinks 5% From 2021 LevelGoldman Sachs Group Inc. named 608 executives to the managing director rank, 5% fewer than the last raft of promotions announced in 2021.
Read more »
Goldman Sachs applies to sell US retail electricity contractsExplore stories from Atlantic Canada.
Read more »
Goldman Sachs applies to sell US retail electricity contractsIf approved, Goldman Sachs would become the first Wall Street bank to offer retail electricity contracts to homeowners, the consumer advocacy group said. On...
Read more »
Winners of the Dog Photography Awards 2021 AnnouncedThe Dog Photography Awards 2021 has announced its winners, who will receive a cash prize, photo gear, an engraved trophy, fine art prints, and the DPA Annual Book by Celebra.
Read more »
Daulton Varsho's Offensive Struggles in the 2021 SeasonDaulton Varsho, who was acquired in a trade, had a disappointing offensive performance in the 2021 season with a lower wRC+ and BABIP compared to the previous year.
Read more »
Goldman Insider Trader Gets 36 Months in ‘Squash Buddies’ CaseFormer Goldman Sachs Group Inc. investment banker Brijesh Goel was ordered to spend 36 months in prison for passing confidential deal information to a close friend and squash partner who traded on it.
Read more »