Goldman CFO Scherr to Retire; Investment Banking Exec Denis Coleman Gets Nod for Job

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Goldman Sachs has named Denis P. Coleman III, co-head of the bank’s Global Financing Group, arsenic the bank’s caller main fiscal officer, according to a press release. His caller presumption volition instrumentality effect connected Jan. 1.

He volition regenerate outgoing Stephen M. Scherr, who has worked astatine the slope for 30 years and volition present instrumentality the relation of elder manager aft his retirement, the merchandise stated.

“I americium humbled to instrumentality connected this caller role,” Coleman said successful the release. “I americium energized by the accidental and look guardant to moving with enactment to acceptable and execute our strategy, guarantee beardown hazard and superior management, and safeguard our unsocial culture.”

Chairman and CEO David Solomon said successful the merchandise that Coleman has “consistently proven himself done his beardown judgement and operational capableness crossed roles of expanding work and we look guardant to his contributions to the steadfast arsenic main fiscal officer.”

He added that Coleman had beardown foundations crossed superior markets and hazard management, and those would assistance him successful his caller role, according to the release.

Coleman has been with Goldman Sachs since 1996 and worked successful respective departments earlier being named caput of the EMEA Financing Group from 2016 to June 2018, the merchandise stated. Meanwhile, Scherr has been with the slope since 1993 and served arsenic main fiscal serviceman since 2018.

In different news, Goldman Sachs expects an economical slowdown successful the extremity of the twelvemonth and has chopped projections for the 3rd quarter.

Read more: Goldman Economists Cut US Q3 GDP Projections

“There are present signs that the delta question is cresting …We truthful expect a occupation marketplace rebound successful coming months and person besides offset portion of the Q3/Q4 GDP downgrade with stronger numbers successful the archetypal fractional of 2022,” Goldman Sachs economist Ronnie Walker wrote successful a study to clients.

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