Finance

Goldman Sachs just dropped the names of its 2020 partner class, and it's a big day for investment bankers in TMT

David M. Solomon, President and Co-Chief Operating Officer of Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills
David Solomon is the CEO of Goldman Sachs. REUTERS/Lucy Nicholson
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Goldman Sachs announced a new class of partners for 2020 on Thursday afternoon, awarding partner status to 60 people worldwide. Seven out of the 19 new partners in the investment-banking division came from the TMT (technology, media, and telecommunications) group, representing a big year for executives in that sector.

Overall, the new partner class is composed of 27% women, 17% Asian partners, 7% Black partners, and 5% Latinx partners, according to Goldman. In total, Goldman says, 47% falls into diverse categories.

With the 60 new partners, Goldman's total partner pool is now 18% women, but certain categories — for instance, Black partners (3%), Latinx partners (2%), and LGBTQ partners (1%) — continue to make up fewer than one in 20 people in the class.

Meanwhile, for those who received partnership, the perks are noteworthy: Goldman Sachs partners earn a base salary of about $950,000 and have access to a bonus pool that only partners can tap into.

Goldman partner class graphic
The Goldman Sachs partner class for 2020.  Goldman Sachs

Goldman's new class comes on the heels of a growing number of departures since CEO David Solomon assumed the post from Lloyd Blankfein in 2018. About 60 partners had departed the firm as of earlier this year since the November 2018 partner class was announced.

Read more: Goldman Sachs has lost at least 54 partners since David Solomon became CEO. We're keeping a running list — and compiling details from insiders about how the exits are being celebrated.

And Solomon has been interested in reducing the number of partners at the firm to make the status more elite and exclusive, awarding partnership to rainmakers as opposed to back-office executives in human resources or operations, Business Insider has previously reported.

For context, in 2018 there were 484 partners, but as of Thursday's announcement, Goldman's total number of partners amounted to fewer than 440, according to a person familiar with the situation, which would equate to roughly 1% of Goldman's nearly 40,000-employee worldwide workforce.

Here's the full list of Goldman Sachs partners announced on Thursday:

Zachary Ablon, Global Markets, New York

Anne-Victoire Auriault, Global Markets, New York

Jose Barreto, Investment Banking, London

John Brennan, Investment Banking, London

Richard Chambers, Global Markets, New York

Travis Chmelka, Global Markets, New York

William Connolly, Investment Banking, San Francisco

Yasmine Coupal, Investment Banking, San Francisco

Adam Crook, Global Markets, London

Simon Dangoor, Asset Management, London

Rajashree Datta, Risk, New York

Darren Dixon, Global Markets, New York

Lisa Donnelly, Operations, London

David Dubner, Investment Banking, New York

Jane Dunlevie, Investment Banking, San Francisco

Orla Dunne, Engineering, London

Ilya Gaysinskiy, Engineering, Jersey City

Wendy Gorman, Risk, New York

Jett Greenberg, Global Markets, New York

Phillip Han, Global Markets, New York

Michael Hui, Asset Management, Hong Kong

Rajiv Kamilla, Global Markets, New York

David Kamo, Investment Banking, New York

Nimesh Khiroya, Investment Banking, London

Jerry Lee, Investment Banking, New York

Christina Ma, Global Markets, Hong Kong

Hillel Moerman, Asset Management, New York

Aimee Mungovan, Investment Banking, New York

Kaushik Murali, Global Markets, New York

Sara Naison-Tarajano, Consumer & Wealth Management, New York

Mike Nickols, Investment Banking, New York

Ryan Nolan, Investment Banking, San Francisco

Bartosz Ostenda, Investment Banking, San Francisco

David Plutzer, Legal, New York

Nick Pomponi, Investment Banking, New York

Nicole Pullen Ross, Consumer & Wealth Management, New York

Muhammad Qubbaj, Global Markets, New York

Max Ramirez, Asset Management, London

Neema Raphael, Engineering, New York

Riccardo Riboldi, Global Markets, London

Osmin Rivera, Global Markets, New York

Brian Robinson, Global Markets, New York

Cosmo Roe, Investment Banking, New York

Jennifer Roth, Global Markets, New York

Jonathan Rousse, Global Markets, New York

Yassaman Salas, Investment Banking, New York

Gunjan Samtani, Engineering, Bengaluru

Michael Schlee, Compliance, New York

Leonard Seevers, Asset Management, New York

Ales Sladic, Global Markets, Hong Kong

Miruna Stratan, Investment Banking, New York

Michael Ungari, Asset Management, New York

Nicholas van den Arend, Investment Banking, London

Alex von Moll, Global Markets, London

Heather von Zuben, Asset Management, New York

Monali Vora, Asset Management, New York

Michael Voris, Investment Banking, New York

David Wade, Global Markets, London

Karl Wianecki, Asset Management, Jersey City

Mark Wilson, Global Markets, London

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