New York Post

New ‘Gold’ rush-off

Treasurer is bank’s latest high-profile departure

- By ARIEL ZILBER azilber@nypost.com

Another top executive at Goldman Sachs has flown the coop.

Goldman CEO David Solomon named Carey Halio as the investment bank’s new treasurer — replacing Philip Berlinski, who departs after 24 years at the Wall Street giant.

Berlinski will become operating chief at Millennium Management, the $62.2 billion hedge fund headed by billionair­e Israel Englander that has lured away several former Goldman partners in recent years, according to Financial Times.

Berlinski’s exit is the latest in a slew of highprofil­e departures at Goldman.

In late January, Jim Esposito, seen as a potential successor to CEO Solomon, announced his retirement after it became apparent that the path to the top job was blocked.

Halio’s elevation, meanwhile, comes in the wake of criticism that Solomon wasn’t doing enough to ensure greater female representa­tion in the company’s C-suite.

Weeks after Esposito’s exit, Beth Hammack, the co-head of Goldman’s financing group, announced she was leaving.

Stephanie Cohen, another possible Solomon successor who headed Goldman’s consumer and wealth division, announced her resignatio­n last month — ending a 25year tenure at the bank.

Cohen will take up the chief strategist position at San Francisco-based tech firm Cloudfare.

Several women partners at Goldman recently had a dinner with Solomon during which they reportedly discussed the dearth of female executives at the bank.

Solomon also has reportedly upset veteran partners at the bank who were unhappy over being left off senior committees.

The chief executive has also been blamed for some of the bank’s financial missteps, including its illfated foray into consumer lending.

Halio will be put in charge of a balance sheet that exceeds $1.6 trillion in assets. She will take up the post on June 1.

Halio, who started working at Goldman as a summer associate in 1999 before rising to become partner in 2016, will oversee a department that includes 900 employees.

Goldman CEO David Solomon (inset) made Carey Halio (right) treasurer after Philip Berlinski departed to Millennium Management. Solomon had been criticized for not doing enough to elevate female employees.

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