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Goldman May Find CFO Viniar Irreplaceable

Firm may divide finance chief's responsibilities among multiple successors.

By Christine Harper, Bloomberg | Updated on July 08, 2011

David A. Viniar, the finance and risk-management overseer who some investors deem more essential to Goldman Sachs Group Inc. than Lloyd C. Blankfein, may not be replaceable. At least not by one person.

The longest-serving chief financial officer of any major Wall Street firm may find his multiple roles distributed among two or even three deputies when he eventually steps down, according to two people with knowledge of the firm’s internal deliberations. While Viniar, 55, told an analyst in May that he has no immediate plan to leave, he has held the CFO post since March 1999, has amassed more than $254 million of Goldman Sachs stock and has endured some of the most withering public scrutiny the New York-based company has ever faced.

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