33 Indians get promotion as MD from Jan 1: Goldman Sachs

Wednesday 15th November 2017 05:43 EST
 
 

American multinational Goldman Sachs has said that 509 people have been promoted as Managing Directors, including 33 people of Indian nationality, effective from January 1, 2018. A statement released by the investment company said, “33 people of the 509 promoted to Managing Director are of Indian nationality.” It said that 17 per cent of new MDs are part of engineering organisation, while 47 per cent of the class worked in multiple divisions. Lloyd C Blankfein, chairman and chief executive officer, said, “Our new Managing Directors have demonstrated an outstanding commitment to our people, clients and culture during their tenures at the firm, and we wish them continued success as they take this important next step in their careers.”

The company stated that 66 per cent of new MD class started at the firm as an analyst or associate, while 21 per cent were interns. The statement said that new managing directors have citizenship in 47 unique countries, and 44 per cent of new MDs are millennials, born in 1980 or later.

Those promoted to MD in India are, Karthik Anbalagan, Technology Division; Lavanya Ashok, Merchant Banking Division; Vineet Birman, Securities Division; Rohini Eapen, Operations Division; Reto Frei, Internal Audit Division and Ankit Jain, Risk Division. Others in the list are Gaurav Jaitly, Securities Division; Nitin Kulkarni, Operations Division; Ram Kulkarni, Technology Division; Devarajan Nambakam, Investment Banking Division; Shunil Ohrie, Securities Division; Sathiya Padmanaban, Finance Division and Mahesh Sharma, Technology Division.


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