Goldman Sachs highlights diversity in the new executive class

NEW YORK, Nov. 2 (Reuters) – Goldman Sachs Group Inc on Wednesday promoted 643 people to chief executive officer, the bank’s second-highest rank after partner, including a higher percentage of women and black, Asian and Latin American workers.

Goldman has set itself some of the most aggressive and specific targets among major banks, demanding that more black, Latin American and female professionals be interviewed and hired there. The bank says they interviewed at least two different candidates for each vacancy.

Thirty percent of the beneficiaries are women, the bank said in an email that was sent to all things and published on its website. That was 29% in 2019.

28 percent of those promoted were Asian, up from 26 percent in 2019. Five percent were black, compared with 4 percent in 2019 and 5 percent Hispanic-American, compared with 2 percent in 2019.

Three percent were from the LGBTQ + community, compared with 2 percent in 2019.

The appointments also reflected Goldman’s increasing presence in locations outside the major financial centers, particularly in Bengaluru, India; Salt Lake City; and Dallas.

72 of the promotions took place in these “strategic locations”, twice as many as in 2019. (Reporting by Matt Scuffham; Editing by Jonathan Oatis)

About Stephanie McGehee

Check Also

Utah moms spend “all day, every day” looking for baby formula some can’t even afford

Baby formula is displayed on the shelves of a grocery store Tuesday with a sign …

Leave a Reply

Your email address will not be published.