2 job for more than a decade before he left to join the Trump White House in January 2017 after it became clear he wouldn’t succeed former CEO Lloyd Blankfein. 2 exec, president and operating chief John Waldron, is only 50 and is viewed as his de facto successor. Solomon, 58, took the helm at Goldman in October 2018. Running the division alongside her new co-head Tucker York also transforms Cohen immediately into one of the most powerful women on Wall Street and the latest female contender to lead a major bank. Cohen has long been seen as a Solomon favorite, and running a key division will provide her with the experience and clout that she will need to compete for his job when he leaves the C-suite. By putting Cohen in this new role, he also is boosting her profile in Goldman’s line of succession. Solomon has long touted the consumer division as playing a key part in Goldman’s future. That streamlining created the consumer banking group, which contains Goldman’s fledgling Marcus savings account business and AppleCard businesses. Goldman chief executive David Solomon announced Tuesday that he has shuffled the executive ranks once again, this time making Stephanie Cohen co-head of the $2 trillion megabank’s consumer banking and wealth management group.Ĭohen, a 43-year-old insider who has been Goldman’s chief strategy officer since 2017, is the first woman to lead her own group under Solomon, who dramatically reorganized the bank’s operations in January. Wall Street can stop wondering who the most powerful woman at Goldman Sachs might be. Goldman Sachs facing potential leadership crisis after two more execs join exodus amid CEO's overhaul Goldman analyst, 27, vanishes after attending concert at Brooklyn venue in 2nd mysterious disappearance in weeks Video shows Goldman Sachs analyst's last sighting before he was found dead near Brooklyn Mirageīody of Goldman analyst who vanished after concert pulled from NYC waters - weeks after another man found in same creek
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