Twenty-two Goldman Sachs Group Inc. partners left the firm or gave up its highest rank since August, including Jim Katzman, a banker who guided Botox maker Allergan Inc.’s $66 billion sale to Actavis Plc.
Timur Galen, who helped oversee the New York-based firm’s move to a new headquarters at 200 West St. as head of corporate services and real estate, also was no longer listed among 467 current partners in a regulatory filing late Tuesday. Since the previous list was posted eight months ago, only about half of the exits from the pool have been disclosed by the bank or reported in the press.
The rank is a nod to the firm’s history as a private partnership before going public in 1999. Such employees typically receive a $900,000 salary and share in a special bonus pool. Between May and August of last year, about 10 people exited the pool. New members typically are promoted en masse every other year, with the most recent class of 78 joining in November.
Goldman Sachs’s filing Tuesday included two other additions: Raj Mahajan, who was hired in January to oversee its dark pool and algorithmic-trading businesses; and Patrick Street, who rejoined the firm in September after 20 months away, according to Financial Industry Regulatory Authority records.
Michael DuVally, a company spokesman, declined to comment on behalf of Katzman and Galen or discuss other names no longer listed. Employees don’t necessarily leave the firm if they give up the title. Actavis completed its takeover of Allergan last month.
Remaining partners owned 34 million shares, or 7.7 percent of Goldman Sachs’s stock, according to the filing. That’s the lowest percentage since 2010.