Global investment bank Goldman Sachs Group Inc has promoted 78 individuals at the company as partners, including around half a dozen of Indian origin, according to a statement. The newly promoted individuals will become partners of the firm as of January 1, 2015.
Goldman Sachs announces partner promotions every two years. In 2012, the New York-headquartered investment bank had promoted 70 partners of which at least three were of Indian origin. In 2010 it named 110 partners while in 2008 – at the peak of the financial crisis – the firm picked 94 new partners.
With the new addition, there are now 467 partners at Goldman Sachs, an investment bank that has more than 30,000 employees.
“These appointments recognise some of the firm's most senior professionals and acknowledge their embodiment of our culture and values, and their leadership of the firm’s business and people,” said Lloyd C Blankfein, chairman and CEO of Goldman Sachs.
“We look forward to their continued strong performance and leadership in the years ahead,” Blankfein added.
The list includes at least five new partners of Indian origin namely Meena Lakdawala Flynn, Manikandan Natarajan, Kunal Shah, Rajesh Venkataramani and Umesh Subramanian.
Kunal Shah, an emerging markets trader based in London, is the youngest among the new partners as he has been named as Goldman Sachs Partner at the age of 32. Shah, who graduated from Cambridge University with a mathematics degree, was promoted to managing director at the age of 27. He was also named in the Forbes' 30 under 30 Finance list in 2011.
However, he is not the youngest ever or for that matter the youngest ever of Indian origin to become partner at Goldman Sachs. That record is held by Eric Mindich, who became partner at the age of 27 in 1994. He later quit to launch hedge fund Eton Park.
Dhruv Piplani, holds the record of becoming youngest ever partner of Indian origin at the haloed Wall Street bank. He did so at the age of 29 four years ago.
The list includes 23 employees from investment banking, 25 from securities, 11 from investment management, four from merchant banking, three from research and 12 from what is known as "the Federation," which includes back- and middle-office roles.
Of the total, an overwhelming 50 work in the US, with just 19 representing EMEA and eight coming from APAC.
Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. The company went public in 1999.
Here's the full list:
Fadi Abuali
Aaron Arth
Jennifer Barbetta
Thomas Barrett
Gerard Beatty
Shane Bolton
Will Bousquette
Kane Brenan
Tavis Cannell
T.J. Carella
Gary Chropuvka
Darren Cohen
Stephanie Cohen
Kathleen Connolly
Sara Devereux
Iain Drayton
Carlos Fernandez-Aller
Jonathan Fine
Meena Lakdawala Flynn
David Friedland
Jan Fritze
Dino Fusco
Huntley Garriott
Jeff Gido
Littleton Glover
Cyril Goddeeris
Alexander Golten
Jason Gottlieb
Joanne Hannaford
Julie Harris
Edouard Hervey
Matthias Hieber
Charles Himmelberg
Sean Hoover
Pierre Hudry
Irfan Hussain
Kevin Kelly
Tammy Kiely
Maxim Klimov
Edward Knight
Etsuko Kobayashi
Nyron Latif
Greg Lee
Dirk Lievens
Kyri Loupis
John Madsen
Richard Manley
Michael Marsh
Ali Meli
David Miller
Joseph Montesano
Eric Muller
Manikandan Natarajan
Fergal O'Driscoll
Kristin Olson
Jernej Omahen
Nicholas Phillips
Rob Pulford
Colin Ryan
Carsten Schwarting
Kunal Shah (London)
Richard L. "Jake" Siewert
Jason Silvers
Kevin Sterling
Umesh Subramanian
Dan Swift
Ben Thorpe
Oliver Thym
Joe Todd
Hiroyuki Tomokiyo
Thomas Tormey
Mark Van Wyk
Rajesh Venkataramani
Matthew Verrochi
Owen West
Ronnie Wexler
Xiaoyin Zhang
Adam Zotkow
(Edited by Joby Puthuparampil Johnson)
