Goldman Sachs Names 261 Managing Directors, Fewest Since 2008

Goldman Sachs Group Inc. (GS), the fifth-biggest U.S. bank by assets, named the smallest group of new managing directors since 2008 as the firm cuts jobs and grapples with declining revenue.

The firm appointed 261 people to managing director, the company’s second-highest rank, according to an internal memo obtained by Bloomberg News. The number is down 19 percent from last year’s record list of 321 new managing directors and exceeds the 259 promotions in 2008. David Wells, a spokesman for the New York-based company, didn’t reply to an e-mail and two phone messages seeking confirmation of the memo.

Goldman Sachs Chairman and Chief Executive Officer Lloyd C. Blankfein, 57, said this week that the firm is working to remain positioned for a rebound even as it eliminates about 1,000 jobs to contend with a drop in trading revenue. The company set aside $10 billion for employees’ salaries, bonuses and benefits in the first nine months of this year, equivalent to $292,836 per worker.

“The single most important thing we can do to enhance the value of our business is to continue to hire the best and brightest people from around the world,” Blankfein said on Nov. 15, at an investor conference in New York hosted by Bank of America Corp. “And once they get into Goldman Sachs we want to do everything we can to ensure that they have productive and stimulating careers.”

The company names managing directors annually and elects employees to the firm’s partnership, the highest status, in even-numbered years. Managing directors, though typically paid more than junior employees, don’t share in the special bonus pool reserved for the company’s partners.

The following is the list of Goldman Sachs’s “Managing Director Class of 2011.” The employees listed have been invited to become managing directors as of Jan. 1, 2012.

Hiroko Adachi
Sajid Ahmed
Flavio Aidar
Lee M. Alexander
Osman Ali
Axel P. Andre
Ilana D. Ash
Dominic Ashcroft
Farshid M. Asl
Linda W. Avery
Vladislav E. Avsievich
Lucy Baldwin
Jonathan K. Barry
Yasmine Bassili
Eric D. Batchelder
Jonathan Bayliss
Andrew D. Beckman
Omar L. Beer
Mark W. Bigley
Timothy C. Bishop
James Blackham
Jacki Bond
Alain Bordoni
Jonathan E. Breckenridge
John Brennan
Brian R. Broadbent
Jerome Brochard
Jason R. Broder
Robin Brooks
Amy C. Brown
Stefan Burgstaller
Christopher Henry Bush
Michael J. Butkiewicz
Eoghainn L. Calder
Scott S. Calidas
Katrien Carbonez
Sean V. Carroll
John B. Carron
David E. Casner
Kenneth G. Castelino
Sylvio Castro
Vincent Catherine
Winston Chan
Gary A. Chandler
Christopher H. Chattaway
Jonathan L. Cheatle
Simon Cheung
Edwin K. Chin
Pierre Chu
Jean-Paul Churchouse
Gregory Chwatko
Massimiliano Ciardi
Simon M. Collier
Kenneth Connolly
Frederic J.F. Crosnier
Alistair K. Cross
Robert G. Crystal
David J. Curtis
Keith L. Cynar
Simon Dangoor
Jennifer L. Davis
Thomas Degn-Petersen
Mark Deniston
James Dickson
Kevin M. Dommenge
Benjamin J. Dyer
Christopher M. Dyer
Mariano Echeguren
Charles P. Edwards
Katherine A. El-Hillow
Jenniffer Emanuel
Hafize Gaye Erkan
Sean Fan
Richard M. Fearn
Michael A. Fisher
Nick Forster
Jennifer A. Fortner
Nanssia Fragoudaki
Grady C. Frank
Michael C. Freedman
Benjamin M. Freeman
Thomas Gasson
Antonio Gatti
Norbert Gehrke
Frank S. Ghali
Jason A. Ginsburg
Paul A. Giordano
Joshua Glassman
Gary M. Godshaw
Albert Goh
Ernest Gong
Jonathan J. Goodfellow
Michael Goosay
Rosalee M. Gordon
Scott M. Gorran
Poppy Gozal
Genevieve Gregor
Krag (Buzz) Gregory
Nick E. Guano
Nicholas Halaby
Sanjay A. Harji
Corey R. Harris
Thomas J. Harrop
Brian M. Haufrect
Adam T. Hayes
Robert Hinch
Ida Hoghooghi
Andrew Howard
Michael P. Huber
Jonathan S. Hunt
Ahmed Husain
Aytac Ilhan
Omar Iqbal
Gurjit S. Jagpal
Simona Jankowski
Arbind K. Jha
Xiangrong Jin
Danielle G. Johnson
Michael G. Johnson
Paul A. Johnson
Jean Joseph
Edina Jung
Philipp O. Kahre
Abhishek Kapur
Sho Kawano
Jeremiah E. Keefe
Ryan J. Kelly
Brian J. Kennedy
Nimesh Khiroya
Rohan Khurana
David Kim (EQ)
Jeff Kim (FICC)
Phillip Kimber
Kathryn A. Koch
Stephen J. Koch
Konstantin Koudriaev
Tannon L. Krumpelman
Fiona Laffan
James Lamanna
Kerry C. Landreth
Peter B. Lardner
Matthew Larson
Alison W. Lau*
Arden Lee
Hanben Kim Lee
Hung Ke Lee
Sang-Jun Lee
Howard Russell Leiner
Rainer Lenhard
Stephen L. Lessar
Daphne Leung
Chad J. Levant
Weigang Li
Amy Lin
Gloria W. Lio
Chang Lee Liow
Matthew Liste
Edmund Lo
Justin Lomheim
David A. Mackenzie
Regis Maignan
Sameer R. Maru
Miyuki I. Matsumoto
Antonino Mattarella
Janice M. McFadden
Jack McFerran
John L. McGuire
Aziz McMahon
Jans Meckel
Ali Meli
Rodrigo Mello
Vrinda Menon
Raluca Mihaila
Milko Milkov
Shinsuke Miyaji
Gabriel Mollerberg
Matthew L. Moore
Robert Mullane
Eric S. Neveux
Dale Nolan
Asim H. Nurmohamed
Deirdre M. O’Connor
Satoshi Ohishi
Simon G. Osborn
Hilary Packer
Daniel M. J. Parker
Srivathsan Parthasarathy
Giles R. Pascoe
Rahul Patkar
Robert D. Patton
Deepan Pavendranathan
Alejandro E. Perez
Jan M. Petzel
Tushar Poddar
Jeff Pollard
Nicole Pullen-Ross
Steven J. Purdy
Ali Raissi
Rosanne Reneo
Paul Rhodes
Jill Rosenberg Jones
Jason T. Rowe
Matthew Rubens
Joshua A. Rubinson
Owi Ruivivar
Jennifer A. Ryan
Andrew S. Rymer
Albert Sagiryan
Hiroyoshi Sandaya
John Santonastaso
Nana Sao
Eduardo Sayto
Michael Schmitz (EQ)
Mike Schmitz (FICC)
Michael Schramm
Beesham A. Seecharan
Peter Sheridan
Seung Shin
Andrea Skarbek
Spencer Sloan
William Smiley
Taylor Smisson
Gary Smolyanskiy
Nishi Somaiya
Michael R. Sottile Jr
Andre Souza
Oliver Stewart-Malir
Heidi C. Sutton
Christopher W. Taendler
Winnie Tam (IA)
Trevor Tam
Luke D. Taylor
Vipul Thakore
Michael D. Thompson
Artur Tomala
John B. Tousley
Alfred Traboulsi
Alexandre Traub
Eddie Tse
Hidetoshi Uriu
Dirk Urmoneit
Ram Vittal
Michael Voris
Thomas W. Waite
Joseph F. Walkush
Steve Weddell
Paul Weitzkorn
Andrew M. Whyte
Vicky Wickremeratne
Ed Wittig
Jon J. Wondrack
Yvonne Y. Woo
XueYing Shel Xu
Zhizhun Xu**
Takashi Yamada
Xiaohong Lilly Yang*
Wai Yip
Yusuke Yoshizawa
Kota Yuzawa
Richard Zhu
Mikhail Zlotnik

*Employee of Goldman Sachs Gao Hua Securities Company Limited
**Employee of Beijing Gao Hua Securities Company Limited

To contact the reporters on this story: Joshua Fineman in New York at jfineman@bloomberg.net Christine Harper in New York at charper@bloomberg.net

To contact the editors responsible for this story: Brad Skillman at bskillman1@bloomberg.net Rick Green at rgreen18@bloomberg.net

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