Bloomberg News

Goldman Sachs Partner List Drops 31 Since February, Filing Shows

November 04, 2012

Goldman Sachs Partner List Drops 31 Since February

Goldman Sachs is the fifth-biggest U.S. bank by assets. Photographer: Daniel Acker/Bloomberg

Goldman Sachs Group Inc. (GS:US), which is scheduled to announce its new class of partners next week, has 407 members of that elite group, down 31 in about nine months, according to a company filing.

That’s because 33 people listed as part of the partnership in a February document weren’t included in a filing released Nov. 2. Two names -- Mark Schwartz, hired in June to run the company’s business in Asia, and Richard Phillips, an Australian national -- were added to the latest filing.

Goldman Sachs, the fifth-biggest U.S. bank by assets, selects employees every two years to a so-called partnership more than 13 years after the firm became a publicly traded company. The partners, who partake in a special compensation pool, owned about 11.4 percent of the company’s shares as of Oct. 22, down from 11.8 percent on Feb. 1, the filings show. David Wells, a spokesman for the bank, declined to comment.

Some of the names missing from the latest filing had already been reported, such as former Securities Division Co- Head David B. Heller and Lucas van Praag, the former head of corporate communications. Others hadn’t been announced.

Names dropped from the latest list include investment bankers Jason G. Cahilly, who specializes in advising media and telecommunications companies; Alastair J. Hunt, who works with businesses involved in natural resources; Kevin A. Quinn, a specialist in semiconductor firms and Richard A. Kimball Jr., who worked with the health-care industry.

Schwartz’s Sale

Anthony W. Ling, who left his role as head of European equity research in 2010 to focus on other investment research initiatives, was also dropped from the latest partner list, as was Lindsay P. LoBue, who had worked in credit-derivative sales, and Kaysie P. Uniacke, who held senior roles in the asset- management division.

Last week’s filing also disclosed stock sales in October by some of Goldman Sachs’s most senior executives. Timothy J. O’Neill, co-head of Goldman Sachs Investment Management, sold 32,021 shares on Oct. 17 for $124.36 apiece, for a total of $3.98 million.

Harvey M. Schwartz, the co-head of securities sales and trading who was named to become chief financial officer in January, sold 20,286 shares on Oct. 18 at $124.60 apiece, a total of $2.53 million. Ashok Varadhan, who was named global head of macro trading in March, sold 27,854 shares on Oct. 18 at $125 apiece, totaling $3.48 million, according to the filing.

The following is a list of people who were included on Goldman Sachs’s list of partners as of Feb. 1 that were no longer on the list as of Oct. 22.

                                                  Partner
     Name                     Nationality         Since
1    Sanggyun Ahn             Korea               2008
2    Christopher M. Barter    U.S                 2004
3    Milton R. Berlinski      The Netherlands     1996
4    Jason G. Cahilly         U.S                 2008
5    Jin Yong Cai             China/Hong Kong     2006
6    Lik Shuen David Chan     Hong Kong           2006
7    Chia-Lin Chang           Taiwan              2010
8    Martin Cher              Singapore           2008
9    Diego De Giorgi          Italy               2004
10   Steven M. Feldman        U.S.                2004
11   Luca D. Ferrari          Italy/U.S.          2006
12   Paul Graves              U.K.                2008
13   David B. Heller          U.S.                1996
14   Alastair J. Hunt         U.K./U.S.           2006
15   Richard A. Kimball, Jr.  U.S.                2006
16   Hughes B. Lepic          France              2000
17   Wayne M. Leslie          U.K.                2010
18   Anthony W. Ling          U.K.                2002
19   Lindsay P. LoBue         U.S.                2010
20   Serge Marquie            France              N/A
21   George N. Mattson        U.S.                2002
22   Jeffrey M. Moslow        U.S.                2000
23   Kevin A. Quinn           U.S.                2004
24   Krishna S. Rao           U.K./India          2006
25   Muneer A. Satter         U.S.                1996
26   Shahriar Tadjbakhsh      U.S.                2004
27   Jasper Tans              The Netherlands     2010
28   Kaysie P. Uniacke        U.S.                2002
29   Lucas van Praag          U.K.                2006
30   Kevin A. Walker          U.K.                2010
31   C. Howard Wietschner     U.S.                2002
32   Samuel J. Wisnia         France              2006
33   Yoel Zaoui               France              1998

To contact the reporters on this story: Christine Harper in New York at charper@bloomberg.net; Zachary R. Mider in New York at zmider1@bloomberg.net

To contact the editors responsible for this story: David Scheer at dscheer@bloomberg.net; Jeffrey McCracken at jmccracken3@bloomberg.net


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Companies Mentioned

  • GS
    (Goldman Sachs Group Inc/The)
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