Goldman hires 110 partners

Steve Dinneen
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GOLDMAN Sachs yesterday released the names of 110 of its staff who have been promoted to partner.

Less than 500 of Goldman’s total workforce of 35,000 are honoured with the title.

The number promoted is around 10 per cent higher than the average and the highest since 2006. Just 94 employees were promoted to partner in 2008, the last intake.

The total number of partners is believed to have grown, with only 60 leaving the bank since the last count, although Goldman closely guards the exact figure.

Around 26 per cent, a higher proportion than usual, are based in Asia, with only 45 per cent of the partnerships being awarded in North and South America. A further 29 per cent are from Europe.

Goldman chief executive Lloyd Blankfein said: “These appointments recognize some of the firm’s most valued senior professionals and acknowledge their leadership and contribution to the firm’s culture of excellence.

“These decisions are extremely difficult and we would like to acknowledge the hard work of those who were not selected. We are confident that many of them will be selected in the future.”