Morning Coffee: Goldman Sachs' new 30 year-old managing director, and others. Mysterious exit of Morgan Stanley MD in Hong Kong
efinancialcareers.comGoldman Sachs promoted some new managing directors on Friday. In a reminder that Goldman Sachs isn't just an investment bank and trading business nowadays, fewer than half (47%) of the 608 lucky new MDs work in the banking and markets business. Another 25% are Goldman's new preferred places of asset and wealth management. The remainder are dotted across Goldman's remaining divisions.
If you're aware of any particularly startling names (or omissions) from Goldman's new MD list, then let us know. For the moment, the prize for being the youngest person there goes to Mike Washington, a Princeton graduate in Goldman's New York equity sales business who turned 30 the day before the promotion.
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On the Friday he received the call, theWall Street Journal says Washington was lurking at his desk, waiting for the phone to ring. It happened around 8.45am and sounded semi-underwhelming. «It was short and meaningful,” Washington told the WSJ of Ashok Varadhan's imparting of the good news. “You take a breath of fresh air, a moment to yourself.” His colleagues made a circle around his desk and clapped.
In London, the promotions included James Roberts, Goldman's 31 year-old head of EM Local Currency SSA (Sovereigns, Supranationals and Agencies) Trading, who arrived from JPMorgan in 2021. Roberts has rapidly expanded Goldman's business to the size of JPM's with only a small team.
In a reminder that it's not just about London anymore, Financial News notes that Goldman's European MD promotions also include various people in Milan (Graziano Gemma, head of cross-markets group), Paris (Florian Granier, equity capital markets, Alessandro Guicciardi, strategic equity solutions, Dorothée Amar,
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