Goldman Sachs has been overhauling its power structure. Here's our exclusive org chart mapping out the latest hierarchy of 125 top execs.

  • David Solomon has been Goldman Sachs’ CEO for more than two years after succeeding Lloyd Blankfein.
  • Solomon has made significant changes to the company’s leadership team.
  • Here’s Insider’s latest exclusive Goldman org chart. 
  • Visit Business Insider’s homepage for more stories.

Insider first published an organizational chart for Goldman Sachs in late September 2020. The following day, CEO David Solomon tossed out the old divisional hierarchy in favor of something that more closely matches the firm’s revamped financial reporting.

Since then, Solomon, and the executives he appointed to run the new divisions, have made more changes. Many of those elevated a new tier of leadership into Goldman’s higher ranks.

Meanwhile, there were a flurry of high-profile departures announced at the end of 2020. Longtime leader of the investment banking division, Gregg Lemkau, left to run Michael Dell’s investment firm. Nick Giovanni, head of technology banking, left to become CFO at Instacart.

The personnel moves are part of a broader plan for Solomon to remake the firm in his image, one that’s less dependent on the firm’s roots as a partnership and more in line with how a corporation should be run in the 21st century.

Solomon took over as Goldman Sachs’ CEO in October 2018, becoming just the third person to lead the storied investment bank as a public company.

First there was Henry Paulson, who led the charge to take Goldman public in 1999. When Paulson was tapped to become President George W. Bush’s Treasury secretary in May 2006, he chose Lloyd Blankfein as his successor. Twelve years later, Blankfein selected Solomon.

Under Solomon’s predecessors, Goldman made the halting and inconsistent steps away from its partnership and toward something more like a publicly traded corporation. Pre-recorded earnings calls gave way to a model where the chief financial officer bantered live with analysts. Now Solomon joins the earnings calls.

In 2019, Solomon asked his lieutenants to create three-year strategic plans. In January, he hosted Goldman’s first investor day.

Read more: Inside Goldman Sachs’ first investor day, where avocado toast and crab apples were served with tech talk, 3-year plans, and a surprising trading mea culpa

Perhaps one area where the firm has stubbornly clung to its partnership roots is in personnel matters. The company maintains a core group of 400 or so partners who work together to make most of the firm’s strategy decisions. The partners are the firm’s most senior employees; the attainment of the rank is still seen by many as the pinnacle of a Wall Street career.

Solomon has taken steps to shrink the size of that group, but he’s continued to defend its existence.

That’s kept Goldman’s organizational chart relatively flat. Last July, one of its newest partners, Joe Duran, noted that point in an interview when he described his first few months at the firm.

Duran, who sold his United Capital wealth-management business to Goldman for $750 million in 2019 and joined Goldman’s highest rank, compared his new firm to a company that’s been public for far longer and, at least at one time, was the model of corporate efficiency: General Electric.

“The partners tend to be quite fluid,” Duran told “You do have reporting lines, but it’s not like anything I’ve experienced before. When I sold Centurion to GE, it was very hierarchical.”

Nevertheless, Solomon has made small steps toward establishing more hierarchy. The CEO established hardened reporting lines, ensuring information got funneled to him through a more rigid approach than what Blankfein was known for, according to people with direct knowledge of the matter.

Now many executives answer to Solomon’s chief lieutenants, Goldman President John Waldron and Chief Financial Officer Stephen Scherr, rather than to the CEO.

Solomon has also kept Goldman’s myriad committees, dozens of decision-making bodies spread around the firm that weigh in on everything from how to run a division and who gets named a partner to what business activity should be approved or avoided to protect the firm’s reputation.

Last year, Business Insider set out to impose an organizational chart on Goldman in what is likely one of the first such exercises to be attempted.

We identified members of the executive committee for each of the firm’s four revenue-producing divisions — investment banking, global markets, consumer and investment management, and merchant banking — and mapped them to Goldman’s management committee.

In September, Solomon scrapped the merchant banking division in favor of a consolidated asset management division that includes the merchant bank and Goldman Sachs Asset Management, and threw out the old consumer and investment management division in favor of a consumer and wealth management division that includes its Marcus digital bank and its private-wealth unit.

In several cases, we mapped out another level of executive management.

In all, we compiled this list of more than 125 executives by speaking with current and former employees, competitors, and recruiters. We chose to avoid most staff members in the control or corporate functions. Note that the chart is interactive, so you’ll need to click through on the profile pictures that have arrows.

A Goldman Sachs spokesman declined to comment.

– Shayanne Gal contributed to an earlier version of this story. 

Have we missed someone on this chart, or do you have a general tip about Goldman Sachs? Get in touch! The reporter can be reached via phone, text, or encrypted messaging apps WhatsApp, Signal, or Telegram at 917-673-9252. You can also find him at [email protected][email protected], or on Twitter.


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