The New York-based financial services firm said in a staff memo that it had promoted Alison Mass to chairman of the investment-banking division. Mass, who joined Goldman Sachs in 2001, was most recently global head of the financial and strategic investors group.
In addition, Sheila Patel, who joined the company in 2003, will become chairman of Goldman Sachs Asset Management (GSAM). She was previously co-head of Equities Distribution in Asia. Luke Sarsfield, who joined Goldman Sachs as a managing director in 2007, will replace Patel, joining Craig Russell as co-head of asset management. He is currently global head of the financial institutions group.
Pete Lyon, currently co-head of the global technology, media and telecom group. will become global head of the financial institutions group and the financial and strategic investors group. He joined the firm in 1990.
Last week, Bloomberg and Reuters reported that Robin Vince, the firm's chief risk officer, will be leaving the firm, to be replaced by Brian Lee, Goldman's comptroller and accounting chief.
Marty Chavez, a top executive on Goldman's trading desk, signaled plans earlier this month to retire at the end of the year.
Solomon, who joined the bank as a partner in 1999, has been CEO since October 2018.
Shares of Goldman Sachs were up slightly to $214.03.