(NASDAQ: CG) has tapped Harvey Schwartz, a former Goldman Sachs Group Inc. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. ALLEN S GOLDMAN, ALLEN S GOLDMAN, ARMOND S GOLDMAN, ARMOND S GOLDMAN, DAVID E GOLDMAN, DEXTER S GOLDMAN, HAROLD GOLDMAN, HARVEY GOLDMAN, HERBERT. private equity powerhouse The Carlyle Group Inc. Conway stepped in as CEO after the abrupt departure of Lee, who. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Harvey Schwartz, the former president of Goldman Sachs (GS), is set to replace William Conway, the firm’s interim CEO, on Feb. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Goldman's trading business has stumbled and its stock price is badly trailing rival Morgan Stanley ( MS) as well as big banks like Citigroup ( C) and Bank of America ( BAC). If Solomon does inherit the CEO job from Blankfein, he may have his work cut out for him. Solomon ended up taking a demotion to join Goldman Sachs, a bet that now seems to have paid off in spades. He is the former President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc. Prior to joining Goldman Sachs, Solomon worked at Bear Stearns, where he helped run the now-defunct investment bank's junk bond business.
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The 55-year-old spends his free time as a DJ at nightclubs and doing yoga with his adult daughter, according to a profile in The New York Times. Solomon doesn't sound like your typical bank CEO. He co-led the powerful investment banking division for a decade before he was promoted at the end of 2016. "Harvey has been a mentor to many, and his influence has made an indelible impact on generations of professionals at Goldman Sachs," Blankfein said.īy contrast, Solomon has an investment banking background. Schwartz came up through Goldman's trading business, where he played a central role during the 2008 financial crisis. Before that, he served as Goldman's chief financial officer and quarterbacked the firm's transition to tougher regulation. Schwartz has been co-president and chief operating officer since January 2017. Related: Blankfein: Economy is 'higher' under Trump than if Clinton won Harvey Schwartz However, Goldman Sachs has not commented on that report and its statement on Monday made no mention of Blankfein's plans.īlankfein himself made a cryptic reference to the news on Twitter, saying it's "WSJ's announcement.not mine." He added, "I feel like Huck Finn listening to his own eulogy."
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