Goldman’s Sheila Patel, Chairman of $1.8 Trillion Manager, to Retire
- She’s among firm’s most senior women, to be advisory director
- Solomon says he’ll be ‘benefiting from her continued counsel’
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Sheila Patel, chairman of Goldman Sachs Group Inc.’s asset-management unit, is leaving the $1.8 trillion division after almost two decades at the firm.
Patel, 51, is among the company’s most senior women and shepherded some of Goldman’s highest-profile relationships with investors around the world. She will step down from the partnership and become an advisory director in the new year, Chief Executive Officer David Solomon said in a memo to staff Monday.