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Goldman Selects 78 New Partners

The class is slightly bigger than last year, but still smaller than 2010.

Posted on November 12, 2014, at 1:57 p.m. ET

Goldman Sachs CEO Lloyd Blankfein
Rebecca Cook / Reuters

Goldman Sachs CEO Lloyd Blankfein

Lloyd Blankfein and Gary Cohn, the chief exectutive officer and president respectively of Goldman sachs, made 78 calls this morning, starting around 5am to tell lucky Goldman employees that they will be partners starting in the beginning of next year.

The partner title gives Goldmanites higher base salary, access to a special bonus pool and fund investments, more information about the firm, attendance at partners-only events, and a uniquely elite credential on Wall Street.

This year's class selection is a culmination of a process started this summer by Edith Cooper, who runs human resources at Goldman, the co-CEO of Goldman's international business Michael Sherwood, and Cohn, who chair the firm's partnership committee. The candidates are never formally notified that they're under consideration.

This year's class is slightly larger than the 2012 class, which brought in 70 new partners, but smaller than 2010's 110 person class or 2008's 94 person class.

"These appointments recognize some of Goldman Sachs' most valued senior professionals, their embodiment of our culture and values, and their leadership of the firm's business and people," Blankfein and Cohen wrote in an e-mail to the firm.

One of the notable names on the list include the firm's head of communications, Jake Siewert. He did not make the cut in the last round. His predecessor, Lucas Van Praag, was made a partner after five years at the firm. Siewert joined Goldman in 2012.

Darren Cohen, who heads Goldman's principal strategic investing group, was named a partner. Cohen led a consortium of more than a dozen financial institutions in the acquisition of the messaging startup Perzo, with the aim of developing a new chat service for the financial industry to challenge Bloomberg. Jonathan Fine, who helped lead Apple's massive $17 billion bond issue, was also named a partner.

Only 11 of the new partners are female, compared to 10 in 2012.

Starting in 2015, there will be 467 partners, 1.6% of the firm's total employees, which is right in the narrow range that Goldman likes to keep the size of its partner group.

The division that had the most new partners was securities, which does sales and trading, with 25 new partners, while investment banking had 23. In 2010, the balance was more lopsided towards securities, which had 27 partners while investment banking had 21. What Goldman calls "the Federation" — units that don't directly generate revenue, like technology and operations — had 12 partners, compared to 8 in 2012.

Here are the 78 lucky bankers

Fadi Abuali

Aaron Arth

Jennifer Barbetta

Thomas Barrett

Gerard Beatty

Shane Bolton

Will Bousquette

Kane Brenan

Tavis Cannell

T.J. Carella

Gary Chropuvka

Darren Cohen

Stephanie Cohen

Kathleen Connolly

Sara Devereux

Iain Drayton

Carlos Fernandez-Aller

Jonathan Fine

Meena Lakdawala Flynn

David Friedland

Jan Fritze

Dino Fusco

Huntley Garriott

Jeff Gido

Littleton Glover

Cyril Goddeeris

Alexander Golten

Jason Gottlieb

Joanne Hannaford

Julie Harris

Edouard Hervey

Matthias Hieber

Charles Himmelberg

Sean Hoover

Pierre Hudry

Irfan Hussain

Kevin Kelly

Tammy Kiely

Maxim Klimov

Edward Knight

Etsuko Kobayashi

Nyron Latif

Greg Lee

Dirk Lievens

Kyri Loupis

John Madsen

Richard Manley

Michael Marsh

Ali Meli

David Miller

Joseph Montesano

Eric Muller

Manikandan Natarajan

Fergal O'Driscoll

Kristin Olson

Jernej Omahen

Nicholas Phillips

Rob Pulford

Colin Ryan

Carsten Schwarting

Kunal Shah

Richard L. "Jake" Siewert

Jason Silvers

Kevin Sterling

Umesh Subramanian

Dan Swift

Ben Thorpe

Oliver Thym

Joe Todd

Hiroyuki Tomokiyo

Thomas Tormey

Mark Van Wyk

Rajesh Venkataramani

Matthew Verrochi

Owen West

Ronnie Wexler

Xiaoyin Zhang

Adam Zotkow

Goldman named 11 female partners this year and 10 in 2012.

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