Goldman Sachs Group Inc. Chief Financial Officer David A. Viniar, who guided the firm through its 1999 initial public offering and the 2008 financial crisis, will end his 32-year career as an employee in January.
Viniar, whose 12 years in the role make him the longest-serving CFO on Wall Street, will be succeeded by Harvey M. Schwartz, 48, one of three global co-heads from the sales and trading division, the New York-based bank said in a statement yesterday. Goldman Sachs will add Viniar, 57, as well as some independent directors to the 10-member board, the firm said.
Goldman Sachs, the most profitable securities firm in Wall Street history before converting to a bank in 2008, has climbed 33 percent this year in New York trading, and the U.S. Justice Department and Securities and Exchange Commission have dropped probes into the company. Viniar told an analyst last year he wouldn't leave until a sense of calm was restored.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
