[Image source=Reuters Yonhap News]

[Image source=Reuters Yonhap News]

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[Asia Economy Reporter Byunghee Park] On the 1st (local time), Goldman Sachs promoted four female partners to senior leadership positions, according to major foreign media reports on the same day.


With this personnel change, Heather Kennedy Minor, who has been in charge of Goldman Sachs' IR division since 2017, will take on the role of Chief Operating Officer (COO) of the asset management business. She effectively becomes the second-in-command in the asset management division.


David Solomon, CEO of Goldman Sachs, has previously pointed out the lack of diversity, noting that senior leadership positions were predominantly held by white men. The large-scale promotion of female partners this time is interpreted as reflecting Solomon's intention to expand diversity.



The proportion of women on Goldman Sachs' board is also expected to increase. If Goldman Sachs shareholders approve the appointment of Jessica Wool, CFO of Royal Dutch Shell, as a director, the number of female directors at Goldman Sachs will rise to five. The percentage of female directors will increase to 20%.


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