Who is David Solomon? Goldman banker moves closer to top role

Goldman exec eyed as possible CEO is leaving

Goldman exec eyed as possible CEO is leaving

Harvey Schwartz, one of the two men considered as the potential successor to Goldman Sachs CEO Lloyd Blankfein, is retiring next month, the bank announced Monday.

Solomon will become sole president and chief operating officer of Goldman Sachs as of April 20, the company said Monday.

The end of Blankfein's tenure at the top of Goldman Sachs has always been a Wall Street talking point.

There's now a clear frontrunner in the race to succeed long-time Goldman Sachs (GS) CEO, Lloyd Blankfein.

The decision to go with Solomon shows that Goldman Sachs likes to "think of themselves as a tech company, and you have to have some bit of irreverence at the top of management in that kind of company", Kleinhanzl said.

Last week, the Wall Street Journal reported that Blankfein could retire as soon as the end of the year.

The resignation of Harvey Schwartz leaves David Solomon as the sole heir apparent at Goldman Sachs. They also cited Solomon's diverse background and investment-banking expertise as benefits, and said Goldman's transparency in laying out the succession plan will help insiders at the firm focus on doing business instead of wondering who's going to take over as CEO.

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Carrie was the best cornerback the team had last season, he comes into the offseason as an unrestricted free agent. The Seahawks will add $11 million in salary cap space for 2018 with his departure.

A decade removed from a global financial crisis, Goldman remains a potent symbol of Wall Street's enduring power, and its chief executive perhaps the banking industry's most prominent spokesman.

In the years ahead, a priority for Solomon, if he indeed succeeds Blankfein as CEO, will be the rivalry between the US and China.

Solomon, who is turning 56 this year, worked in junk bonds at Bear Stearns before joining Goldman as a partner in 1999, right before the firm's initial public offering.

He also had a less-than-typical career path- he skipped the Ivy League and studied political science at Hamilton College in upstate NY.

"I look forward to continuing to work closely with David in building our franchise around the world, serving our expanding client base and delivering strong returns for our shareholders, "Blankfein said in the statement".

The anticipated elevation of Solomon, a Goldman veteran who moonlights under the name DJ D-Sol, spinning electronic-dance music, marks a strategic shift for the bank.

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