Goldman to name Solomon as CEO this week

Cornelia Mascio
Luglio 17, 2018

Goldman Sachs Group Inc. said veteran investment banker David Solomon would succeed Lloyd Blankfein as chief executive, setting up a high-profile transition for a firm that is expanding well beyond its Wall Street roots.

The chief operating officer will be confirmed as boss of the bank early this week, the New York Times reported yesterday.

Solomon's ascension to CEO was largely expected after he was named in March as the sole president of Goldman, following the departure of his co-president Harvey Schwartz. As trading revenues have declined across Wall Street, Goldman in recent years has been relying more on investment banking and asset management for its growth prospects and has even delved into consumer lending.

Solomon, who joined the investment bank as a partner in 1999, now serves as the president and chief operating officer of the company.

Blankfein guided Goldman for 12 years, leading the company to record earnings.

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