Goldman Sachs' MDs are announced Thursday. Here's who's hopeful in Europe
It's Goldman Sachs' managing director (MD) week. On Thursday evening (UK time), senior vice presidents (also known as executive directors in London) will discover whether they've been promoted. MD promotions happen biannually, so anyone who doesn't make it in 2025 will have to wait until 2027 for the next occasion.
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The last time Goldman promoted MDs, it was 2023 and 608 people were promoted. 47% of them worked in Goldman's banking and markets business (the rest were in asset and wealth management and beyond) and they included Mike Washington, a 30-year-old equities sales trader and James Roberts, a star VP who Goldman had hired from JPMorgan. Both are still with the firm.
Who will get promoted this time? We aren't party to the results of the cross-ruffing process, so can only speculate. Insiders, however, suggest the following names are on the list for the (mostly) macro team in London. Goldman, obviously, is not saying anything for at least 48 hours.
Goldman MDs can expect bigger salaries and bigger bonuses than Goldman VPs. In the US, official H1B data indicates that managing directors are on $400k salaries, plus bonuses. In London last year, Goldman Sachs material risk-takers (typically MDs) earned salaries of nearly $700k (£536k) plus bonuses of nearly $1m.
The latest crop of MDs are likely to receive smaller salaries and bigger bonuses now that the bonus cap has been lifted and Goldman can pay 25x salary as bonus.
The alleged contenders:
Joakim Tobieson (Based in Stockholm, FX and rates. Joined 15 years ago).
Arash Partow (Macro hedge funds, FX. Based in London. Joined eight years ago).
Rikin Shah (Hedge fund rates sales. Joined from Barclays in 2021).
Prateek Mookerjee (FX options trading in London. Joined nearly 11 years ago.)
Tom Evans (Commodities Sales in London. Joined 10 years ago.)
Andreas Papademitris (Head of Italian rates sales. Whereabouts unknown.)
Soraya Chenaf (FX French sales. Based in Paris. Joined 10 years ago.)
Jonathan Lightowler (Real money UK sales. London. Joined 15 years ago.)
Alessandro Angiuli (EUR swaps trading. Joined eight years ago. London.)
Simon Tallis (Emerging markets rates sales. London. Nine years in.)
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