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.)