Goldman Names 69 New Partners as CEO David Solomon Reins in Promotions
- Traders, bankers make up larger proportion of new class
- Firm’s biennial promotions are nod to history as partnership
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Goldman Sachs Group Inc.’s new chief went back to elevating the firm’s core moneymakers.
Traders and investment bankers made up 71 percent of the firm’s latest partner class, the highest proportion in at least eight years. The back-office staff and asset-management division bore the brunt of a decline in the overall size in the class.