Goldman Sachs Group Inc. (GS), which is scheduled to announce its new class of partners next week, has 407 members of that elite group, down 31 in about nine months, according to a company filing.
That’s because 33 people listed as part of the partnership in a February document weren’t included in a filing released Nov. 2. Two names -- Mark Schwartz, hired in June to run the company’s business in Asia, and Richard Phillips, an Australian national -- were added to the latest filing.
Goldman Sachs, the fifth-biggest U.S. bank by assets, selects employees every two years to a so-called partnership more than 13 years after the firm became a publicly traded company. The partners, who partake in a special compensation pool, owned about 11.4 percent of the company’s shares as of Oct. 22, down from 11.8 percent on Feb. 1, the filings show. David Wells, a spokesman for the bank, declined to comment.
Some of the names missing from the latest filing had already been reported, such as former Securities Division Co- Head David B. Heller and Lucas van Praag, the former head of corporate communications. Others hadn’t been announced.
Names dropped from the latest list include investment bankers Jason G. Cahilly, who specializes in advising media and telecommunications companies; Alastair J. Hunt, who works with businesses involved in natural resources; Kevin A. Quinn, a specialist in semiconductor firms and Richard A. Kimball Jr., who worked with the health-care industry.
Anthony W. Ling, who left his role as head of European equity research in 2010 to focus on other investment research initiatives, was also dropped from the latest partner list, as was Lindsay P. LoBue, who had worked in credit-derivative sales, and Kaysie P. Uniacke, who held senior roles in the asset- management division.
Last week’s filing also disclosed stock sales in October by some of Goldman Sachs’s most senior executives. Timothy J. O’Neill, co-head of Goldman Sachs Investment Management, sold 32,021 shares on Oct. 17 for $124.36 apiece, for a total of $3.98 million.
Harvey M. Schwartz, the co-head of securities sales and trading who was named to become chief financial officer in January, sold 20,286 shares on Oct. 18 at $124.60 apiece, a total of $2.53 million. Ashok Varadhan, who was named global head of macro trading in March, sold 27,854 shares on Oct. 18 at $125 apiece, totaling $3.48 million, according to the filing.
The following is a list of people who were included on Goldman Sachs’s list of partners as of Feb. 1 that were no longer on the list as of Oct. 22.
Partner Name Nationality Since 1 Sanggyun Ahn Korea 2008 2 Christopher M. Barter U.S 2004 3 Milton R. Berlinski The Netherlands 1996 4 Jason G. Cahilly U.S 2008 5 Jin Yong Cai China/Hong Kong 2006 6 Lik Shuen David Chan Hong Kong 2006 7 Chia-Lin Chang Taiwan 2010 8 Martin Cher Singapore 2008 9 Diego De Giorgi Italy 2004 10 Steven M. Feldman U.S. 2004 11 Luca D. Ferrari Italy/U.S. 2006 12 Paul Graves U.K. 2008 13 David B. Heller U.S. 1996 14 Alastair J. Hunt U.K./U.S. 2006 15 Richard A. Kimball, Jr. U.S. 2006 16 Hughes B. Lepic France 2000 17 Wayne M. Leslie U.K. 2010 18 Anthony W. Ling U.K. 2002 19 Lindsay P. LoBue U.S. 2010 20 Serge Marquie France N/A 21 George N. Mattson U.S. 2002 22 Jeffrey M. Moslow U.S. 2000 23 Kevin A. Quinn U.S. 2004 24 Krishna S. Rao U.K./India 2006 25 Muneer A. Satter U.S. 1996 26 Shahriar Tadjbakhsh U.S. 2004 27 Jasper Tans The Netherlands 2010 28 Kaysie P. Uniacke U.S. 2002 29 Lucas van Praag U.K. 2006 30 Kevin A. Walker U.K. 2010 31 C. Howard Wietschner U.S. 2002 32 Samuel J. Wisnia France 2006 33 Yoel Zaoui France 1998