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Goldman Sachs makes three senior appointments

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The Goldman Sachs Group has appointed John E Waldron as President and Chief Operating Officer (COO), effective 1 October, and Stephen M Scherr as Chief Financial Officer (CFO), effective 5 November, after the filing of the company’s third quarter results.

In addition, R Martin Chavez will become Vice Chairman of the firm and Co-Head of the Securities Division with Ashok Varadhan and Jim Esposito. 
 
Lloyd C Blankfein, Chief Executive Officer, says: “John, Stephen and Marty each bring deep, critical experience to their new roles. As the firm prepares for the next phase of growth, I am pleased that Marty will help lead our Securities business as it continues to undergo rapid transformation, and I am confident that John and Stephen will represent a strong, effective management team under David’s leadership.”
 
“John and Stephen will work closely with me to develop and execute our strategy, grow our client franchise, ensure strong risk and capital management and safeguard our unique culture,” says David M Solomon, in-coming Chief Executive Officer. “I have worked with John and Stephen for nearly two decades and am confident that they bring the right complement of skills to help lead the firm through their respective roles.
 
“Marty’s unique experience as Chief Information Officer and Chief Financial Officer will be critical to helping lead Securities and ensuring that we are best positioned to serve our clients, develop market-leading electronic platforms and deploy our capital effectively.”

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