Fewer winners in Goldman Sachs partnership race
Thursday 15 November 2012
Goldman Sachs has appointed a new batch of lucky bankers to the esteemed position of partner, putting them in line for bonuses worth many millions each year.
But in a sign of the strife in the financial sector, just 70 of the many managing directors in the business will earn the promotion this year, down from more than 100 last time around.
Among the newly promoted is London-based Anthony Gutman, who heads the UK investment banking arm alongside Mark Sorrell. Mr Gutman, who led the sale of BP-TNK to Rosneft, has also been an adviser to Formula One and Pret A Manger.
Other well-known City names include Francesco Garzarelli, co-head of Macro-Markets Research, and Huw Pill, Goldman's chief European economist.
Of the new partners, 14 per cent are women, while 59 per cent are based in North and South America, 29 per cent in Europe, the Middle East and Africa and 13 per cent in Asia. Partners receive a salary of about $900,000 (£570,000) and a cut of a special bonus pool.
"We congratulate all those selected on this important achievement and look forward to their leadership in the years ahead," said Goldman's chief executive, Lloyd Blankfein.
- 3 Make your voice heard: Sign The Independent's petition to welcome refugees
- 4 Refugee crisis: Aylan's life was full of fear - in death, he is part of 'humanity washed ashore'
- 5 German police forced to ask public to stop bringing donations for refugees arriving by train
Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
Britain to take more refugees as Cameron bows to pressure after more than 100,000 back our campaign
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£20000 - £40000 per annum + OTE + Incentives + Benefits: SThree: Established f...
£20000 - £25000 per annum + OTE 40/45k + INCENTIVES + BENEFITS: SThree: The su...
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...