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.
- 1 What happens to your body when you give up sugar?
- 2 Have sex with your iPad thanks to the new sex toy no-one asked for
- 3 The 'sex selfie stick' lets you FaceTime the inside of a vagina
- 4 Why you're almost certainly more like your father than your mother
- 5 Westboro Baptist Church couldn't picket Leonard Nimoy's funeral because they didn't know where it was
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
iJobs Money & Business
£8 per hour: Recruitment Genius: This Pension Specialist was established early...
£30 - 35k + Bonus & Benefits: Guru Careers: We are seeking an Executive Assist...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...