After the Goldman Rush

Last week, Dina Powell-McCormick exited the firm after two tours of duty totaling 16 years.
Last week, Dina Powell-McCormick exited the firm after two tours of duty totaling 16 years. Photo: Riccardo Savi/Getty Images for Concordia Summit
William D. Cohan
June 7, 2023

Things are starting to look a little more angsty than usual at Goldman Sachs these days, as more and more high-profile bankers, traders, and executives are voting with their feet and exiting the firm. Among them are people like Katie Koch, a partner who left last September to become the C.E.O. of TCW, the big Los Angeles-based alternative asset management firm that was bought in February by the Carlyle Group, now run by Harvey Schwartz, who lost out to David Solomon for Goldman’s top job in 2018. 

Blackstone, the alternative-asset giant, has also poached at least two partners from Goldman, including Heather von Zuben, who had been named a partner a year earlier, and Craig Russell, a vice-chairman of Goldman’s asset management division. Maeve DuVally, formerly a Managing Director in the Corporate Communications group, left last year to write a gripping memoir about her gender transition while working at Goldman. (Maeve Rising: Coming Out Trans in Corporate America.)  

More recent departures this year include Peeyush Nahar, who had joined Goldman in 2021, from Uber. In March and April came the announcements that a group of equity-related traders and bankers in Goldman’s Asia Pacific region were leaving the firm, including Canute Dalmasse, Fredrik Grunberger, Tomiyuki Oji, and David Williams. Also in March came the departures of three of Goldman’s top technology bankers, including Rob Chisholm, who is off to Qatalyst Partners; Nick Pomponi, who joined Evercore; and Colin Ryan, who is retiring. Then, in May, Troy Broderick, a partner who had just been promoted to the chief operating officer of Goldman’s world-beating M&A group, left to join Perella Weinberg, which is run by former Goldman partners Peter Weinberg and Bob Steel. (For what it’s worth, Goldman’s market value of $111 billion dwarfs that of Perella Weinberg, at $720 million.)