Bloomberg News

Goldman Sachs Said to Hire Former Geithner Aide Williams

July 12, 2012

Goldman Sachs Group Inc. (GS:US), the fifth- biggest U.S. bank by assets, hired Andrew Williams, a former U.S. Treasury Department spokesman, for its corporate communications unit, said two people familiar with the matter.

Williams, 39, who currently works for General Electric Co. (GE:US), will join New York-based Goldman Sachs as a vice president at the end of the month, said the people, who asked not to be identified because they weren’t authorized to comment publicly. Williams will report to David Wells, head of U.S. media relations, the people said. The Financial Times reported the hiring earlier today.

Williams joins about four months after Goldman Sachs hired Richard L. “Jake” Siewert, another former aide to U.S. Treasury Secretary Timothy F. Geithner, to take charge of corporate communications. Before Williams joined Fairfield, Connecticut-based GE, he worked for Geithner at Treasury and the Federal Reserve Bank of New York, where Geithner was president.

Two former Goldman Sachs chief executive officers have served as Treasury secretary and Geithner’s chief of staff, Mark Patterson, is a former Goldman Sachs lobbyist. The ties between the firm and the government have led some to question whether Goldman Sachs has too much influence on policy.

To contact the reporters on this story: Christine Harper in New York at charper@bloomberg.net Rachel Layne in Boston at rlayne@bloomberg.net

To contact the editors responsible for this story: David Scheer at dscheer@bloomberg.net. Scott Schnipper at sschnipper@bloomberg.net


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Companies Mentioned

  • GS
    (Goldman Sachs Group Inc/The)
    • $175.54 USD
    • -0.41
    • -0.23%
  • GE
    (General Electric Co)
    • $25.45 USD
    • -0.14
    • -0.55%
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