Goldman Sachs has promoted 78 employees to partnership level, according to an internal e-mail shared with Coins2Day.
Reaching partner is an important status symbol at the company, and it comes with more responsibility and higher pay. The members of the new elite group, who will take up their new roles in 2015, bring the total number of Goldman Sachs (GS) partners to about 467, or 1.6% of full-time headcount.
“These appointments recognize some of Goldman Sachs’ most valued senior professionals, their embodiment of our culture and values, and their leadership of the firm’s business and people,” the memo said.
Partnerships are announced every two years. Previous rounds of promotions added 70 new partners in 2012, and 111 partners in 2010.
While the bank didn’t release diversity numbers, it did note that 14% of the new partners are women, or a total of 11 appointees. That’s the same percentage as two years ago when 10 of the 70 promoted to partnership level were women.
This year’s class of partners comes from across the firm, including 23 from investment banking, 25 from securities, 11 from investment management, four from merchant banking, three from research and 12 from back- and middle-office roles.
One notable new partner is Jake Siewert, the head of corporate communications for Goldman. He previously served as the White House press secretary under President Bill Clinton and as an advisor to former Treasury Secretary Timothy Geithner prior to joining the bank in March 2012.
