Mar­ried cou­ple joins Gold­man elite

The Daily Telegraph - Business - - Front Page - By Lucy Bur­ton

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.

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