Goldman Sachs has promoted 109 executives to partner, its largest class since 2010. The appointments take effect in January, bringing the firm’s partner count above 500, or about 1% of its workforce. The new class also points to the growing weight of engineering talent and asset and wealth management in the bank’s priorities.
Partner class grows 15% from 2024
Goldman Sachs typically selects partners every two years and announces the new class in early November. This year’s 109 promotions are about 15% more than the 95 announced in 2024. Partner is a senior rank at the firm, generally associated with higher compensation and a role in shaping business direction. Reaching it typically requires years of performance and internal review.
CEO David Solomon and the leadership team view partner selection as one way to reflect the firm’s priorities. One executive said technical expertise and interest in emerging technologies, including artificial intelligence, also factored into promotions across roles this year.
Record 13 engineers promoted
Thirteen engineers were named partners, the highest number in Goldman Sachs’ history. The promotions come as demand for technical skills across Wall Street grows, raising the profile of engineering roles in the bank’s senior talent pipeline.
Asset and wealth management also accounted for a significant share of the class. Thirty percent of the new partners came from the division, while 33 of the 109 promotions were in asset and wealth management. Overall, 85% of the new partners hold roles that generate revenue. The figures show that the class extends beyond traditional trading and investment banking to include both asset management and technology teams.
New partners average 17 years at the firm
The incoming partners have spent an average of 17 years at Goldman Sachs. Twenty-eight percent joined as interns, while another 39% started through campus recruiting, indicating that many built long careers at the firm after entering early in their professional lives.
The class spans 21 office locations, more than any previous group, and about 43% of the new partners work outside the Americas. Goldman Sachs did not release figures for women and minority promotions, as it did in 2024. The firm said, however, that its total number of women partners will exceed 100 for the first time on Jan. 1.
Promotions span global businesses and offices
The 109 new partners work across Global Banking & Markets, Asset & Wealth Management, Global Investment Research, Engineering, the Executive Office and The Core. Their offices include London, Hong Kong, Singapore, Tokyo, Paris, Frankfurt, Milan, Toronto, Bengaluru and Sydney, as well as New York, Boston, Chicago, San Francisco, Seattle, Dallas and other U.S. locations.
Among those promoted in Global Banking & Markets were Felicity Anderson in London, Sushil Bathija in Hong Kong and David Jeria in New York. Asset & Wealth Management promotions included Daphne Chan in Singapore, Yu Itoki in Tokyo and Anupam Damani in New York. Rohan Deshpande, Ramanathan Narayanan and Gowri Sekar were among the 13 engineers promoted. Alexander Blostein and David Mericle were promoted from Global Investment Research.
Goldman Sachs calls its internal partner review process “cross-ruffing,” borrowing a term from bridge. Candidates typically undergo multiple rounds of review after years of performance assessments. The appointments take effect in January, when the firm’s partner count will rise above 500.