Goldman Sachs’s Schwartz Owns $91 Million of Firm’s Stock
Schwartz, 57, holds 949,028 shares directly and 4,000 shares through trusts established for his family, according to the filing with U.S. Securities and Exchange Commission. Goldman Sachs closed at $95.86 in New York, where the firm is based.
Michael DuVally, a spokesman for Goldman Sachs, declined to comment on Schwartz’s stake.
Schwartz, now based in Beijing, worked at Goldman Sachs from 1979 until his departure in 2001. He became chairman of the Asia business and a member of the bank’s management committee in 1999, the same year that Goldman Sachs went public.
In his new role, he fills a position previously held by J. Michael Evans, who is now based in New York as vice chairman and global head of growth markets. Schwartz was also named vice chairman.
Evans owned 1,541,341 shares of Goldman Sachs as of March 26, according to the company’s proxy filing earlier this year. Chief Executive Officer Lloyd C. Blankfein owned 3,152,524 shares and President Gary D. Cohn owned 1,831,566 shares, according to the proxy.
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