Story perspectives

Goldman Sachs Promotes 638 Executives Amid Turnover Concerns

11/8/2025

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Summary

Story summary

Goldman Sachs Group Inc. promoted 638 executives to managing director, the highest since 2021, including 358 in the Americas and 78 in Asia Pacific, reflecting 2024 revenue strength.
Women accounted for 27% of new managing directors, down from 31% in 2023.
Despite strong performance, Goldman reported higher-than-normal turnover among senior investment bankers in 2025 due to internal changes and a slow start, signaling growth in investment banking and client services.

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Story summary

Goldman Sachs Group Inc. promoted 638 executives to managing director, the highest since 2021, including 358 in the Americas and 78 in Asia Pacific, reflecting 2024 revenue strength.
Women accounted for 27% of new managing directors, down from 31% in 2023.
Despite strong performance, Goldman reported higher-than-normal turnover among senior investment bankers in 2025 due to internal changes and a slow start, signaling growth in investment banking and client services.