Goldman Sachs’ Chief Finance Officer, David Viniar, has announced his plans to retire at the end of January.
The longest serving CFO on Wall Street, he is also the only CFO that Goldman has had since becoming a publicly held company in 1999.
He is to be replaced by Harvey Schwartz, the current global co-head of securities. The 48 year old Schwartz is considered a potential candidate for CEO in the event that Lloyd Blankfien steps down, and is seen as part of the ‘next generation’ of leaders for the firm.
Goldman Sachs’ stock has climbed by 32.6% this year, and Schwartz will be taking the reins in a period of relative calm for the company. Take a look at Goldman Sachs’ graduate employer profile.