According to a press release issued on July 17 by the Goldman Sachs Group, Inc. (NYSE: GS), the firm’s board of directors has appointed Hamilton alumnus David M. Solomon ’84 to succeed Lloyd C. Blankfein as chairman and chief executive officer.
Blankfein will step down as chief executive officer on Sept. 30 and will retire from the firm and as chairman of the board at the end of the year. Solomon will join the firm’s board on October 1, 2018.
Solomon was appointed president and co-chief operating officer in 2016. Prior to that, he was global co-head of the investment banking division from 2006.
“I am honored and humbled to have the opportunity to lead Goldman Sachs and I appreciate the confidence Lloyd and the Board of Directors have placed in me,” Solomon said. “I am excited about the opportunities for growth and know how vital our culture of client service and teamwork is to our success.”
Solomon has been a Hamilton charter trustee since 2005. He was an alumni trustee from 1996 to 2002. During a recent Hamilton Board of Trustees meeting, Solomon made a guest appearance in Professor Chris Georges’ economics class.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.