💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Who is David M. Solomon of Goldman Sachs

Published 04/02/2018, 11:16 AM
GS
-


Investing.com - David M. Solomon is not simply co-president and co-chief operating officer at Goldman Sachs (NYSE:GS). Now, he's probably the next boss at the Wall Street firm, since Lloyd Blankfein, the current chairman and CEO, may step down as soon as the end of this year, according to the Wall Street Journal. Solomon became the frontrunner when Harvey M. Schwartz, who currently shares the two executive positions with him, suddenly announced he'd be retiring in April.
If Solomon in fact gets the job, it will cap the Wall Street career of a man who didn't even study economics at college.
Instead, Solomon,55, earned a B.A. in political science from Hamilton College in 1984. Skipping the Ivy League MBA so common on Wall Street, Solomon did stints at Irving Trust, Drexel Burnham Lambert and Bear Stearns before joining Goldman as a partner in 1999..
At Goldman, Solomon has served as head of the financing group and co-head of investment banking. He was promoted to his current positions in 2016, after Gary Cohn left the firm to serve as chief economic advisor to President Trump.
When not on the job, Solomon likes to perform as a disk jockey under the name "DJ D-Sol" at fashionable clubs in New York, Miami and the Bahamas, according to The New York Times. He also collects fine wine. Solomon is a trustee of his alma mater and a board member of the Robin Hood Foundation, New York's largest poverty fighting organization

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.