Married couple joins Goldman elite
A MARRIED couple has been picked to join Goldman Sachs’s exclusive partnership ranks in London, becoming part of one of the industry’s most elite clubs, over a decade after joining the Wall Street bank.
It is the first time the bank has made partners partner in London. Goldman named Beat Cabiallavetta and Niharika Cabiallavetta among its 17 London executives to join its highly coveted partner ranks. The pair joined Goldman in 2005 and both became managing directors in 2013.
The bank, which unveils its closely watched round of partner promotions every two years, shrunk its London promotions down by just one this year despite slashing the number of people who made the cut globally to its lowest level in 20 years. It made 69 partners, compared to 84 in 2016. “The Partner Class of 2018 is smaller than in recent years, highlighting the aspirational nature of the partnership,” said new chief executive David Solomon.
However Mr Solomon, a part-time DJ, pointed out that this year’s class includes the highest percentage of women and black partners in Goldman’s history with women representing 26pc.
The last time a married couple was named partners was in 1996 in New York.