Goldman Sachs added 7 new leaders at the top - all from its $3.6 trillion wealth and investing business

"Goldman Sachs just announced seven new power players it's vaulting to its most powerful echelon - and the fact that they all sit in the same division tells you something about where the bank is headed. The firm's management committee - currently 41 members - is adding seven seats for partners the bank appointed on Monday. All sit within the asset and wealth management business, which holds $3.6 trillion in assets, offering a snapshot about who's gaining influence at the highest levels of 200 West Street."

"The management committee is Goldman's most senior governing body, responsible for overseeing strategy, capital allocation, and top leadership decisions. Its members still meet weekly to set the bank's agenda. Two longtime leaders are stepping down from the committee, the bank said - Vice Chairman Richard Gnodde and Asset Management Chairman Rich Friedman - bringing the new tally to 46 people who collectively steer the firm."

Goldman added seven partners from its asset and wealth management (AWM) division to the firm’s 41-member management committee, bringing the committee to 46 after two long-time members depart. AWM holds $3.6 trillion in assets and the newly promoted executives run businesses spanning private credit, public investing, alternatives, and wealth management. The management committee oversees strategy, capital allocation, and top leadership decisions and continues to meet weekly. Growing the franchise across AWM is a core strategic objective for the firm. New members include James Reynolds, Vivek Bantwal, Michael Brandmeyer, John Mallory, Kristin Olson, and Nishi Somaiya (incoming global cohead, specific role not provided).

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