Goldman Sachs promotes next generation of leaders

NEW YORK, Jan. 21 (Xinhua) -- Goldman Sachs, the American multinational investment bank and financial services company, announced a number of promotions in its global banking and markets division, signaling the rise of a next generation of leadership.

The announcements were made as part of a series of internal memos on Tuesday, reported The Wall Street Journal. The promoted executives will join a revamped and expanded version of the bank's management committee, making them among the bank's highest-ranking officials.

"Chief Executive David Solomon and other senior leaders have been trying for more than a year to remake that top leadership group and signal to a younger generation of partners they are still climbing the ranks," noted the report.

"Tuesday's series of memos come only days after the bank said Solomon wouldn't be going anywhere for at least five more years. Solomon has been eager to add people to the management committee from the bank's key revenue-producing businesses," the report said.

The bank named three co-heads of investment banking: Kim Posnett, global head of technology, media and telecommunications; Matt McClure, global head of industrials; and Anthony Gutman, head of investment banking in Europe, Middle East and Africa. To lead the fixed income, currency and commodity group it will be Jason Brauth, Kunal Shah and Anshul Sehgal. The heads of equities will now be Dmitri Potishko, Cyril Goddeeris and Erdit Hoxha.