Goldman Sachs Names New CFO, Boosts Sales Team with Industry Veteran
Goldman Sachs has announced changes in its leadership. Stephen Scherr, who has served for 28 years, is stepping down. Denis Coleman will succeed him as CFO, while Jan Sicking joins to strengthen the sales team.
David Solomon, CEO of Goldman Sachs, praised outgoing CFO Stephen Scherr for his work ethic, mastery of complexity, and commitment to the firm. Scherr will leave at the end of the year and keep his next move open.
Denis Coleman, currently deputy head of the global financing group, will take over as CFO. Solomon described Coleman as having strong judgment and operational skills in increasingly responsible roles. Coleman is expected to continue in the position until the end of 2025.
Meanwhile, Jan Sicking joins Goldman Sachs Asset Management as an Executive Director. Sicking will work with large fund investors and expand services for asset managers. Oliver Rahe, head of retail business, expects Sicking's expertise to further expand services and specialize customer service. Sicking previously worked at Blackrock for seven years and began his career in currency research at DZ Bank in 2011.
Stephen Scherr's departure marks the end of a long tenure at Goldman Sachs. Denis Coleman's appointment as CFO ensures continuity in the firm's financial leadership. Jan Sicking's arrival is set to bolster the sales team and expand services for fund investors.
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