Goldman Sachs Welcomes New CFO and Asset Management Executive
Goldman Sachs has appointed a new Chief Financial Officer (CFO) and welcomed a new executive to its asset management team. Denis Coleman, previously deputy head of the global financing group, will succeed Stephen Scherr at the end of the year. Meanwhile, Jan Sicking, who previously worked at Blackrock, is joining the firm as an Executive Director to bolster the sales team.
Stephen Scherr, who has served as CFO since 2018 and spent 28 years at Goldman Sachs, will step down. CEO David Solomon praised Scherr's work ethic, mastery of complexity, and commitment to the firm. Denis Coleman, who will take over, has been praised by Solomon for his strong judgment and operational skills in increasingly responsible roles. Coleman's appointment follows a lack of recent public announcements about his promotion, as of 2023.
Jan Sicking, who joins from Blackrock where he spent seven years, will work with large fund investors and expand services for asset managers. Oliver Rahe, head of retail business, looks forward to leveraging Sicking's expertise to enhance the service offering and specialize customer service.
Denis Coleman's appointment as CFO at Goldman Sachs signals a new era for the firm, with Stephen Scherr's departure after nearly three decades. Jan Sicking's arrival at Goldman Sachs Asset Management strengthens the sales team and brings valuable experience from Blackrock. Both appointments are expected to contribute significantly to the firm's continued success.
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