Goldman Sachs named have named Denis Coleman as the bank’s new chief financial officer, starting next year. He will take over on January 1st 2022 from current CFO Stephen Scherr, who is retiring after 28 years working for the bank.
Coleman joined Goldman in 1996 and is currently co-head of the global financing group in the firm’s investment banking division, a role his two predecessors also held prior to becoming CFO. He will commence a position as deputy CFO to Mr. Scherr with immediate effect, with Beth Hammack, Goldman’s global treasurer, replacing Coleman in his current position.
The news was announced in a press release on the firm’s website, with Goldman CEO David Solomon welcoming Coleman to the role.
“Denis has consistently proven himself through his strong judgment and operational capability across roles of increasing responsibility and we look forward to his contributions to the firm as Chief Financial Officer,” said the release.
“His strong foundation across capital markets and risk management position him well to succeed as we seek to build on our momentum across our client franchise and deliver shareholder value.”
Coleman said he was “humbled” by the appointment and laid out his intention to help “set and execute our strategy, ensure strong risk and capital management, and safeguard our unique culture.”
It is the second major appointment by Goldman within the space of a week, following on from the recent announcement that Kevin Sneader will serve as its co-president in the Asia-Pacific region.