Goldman Named 16 Indians as MDs and 3 as Partners

Goldman Sachs, the international financial services giant, promoted 16 Indians as the Managing Directors in the second week of November. Three other Indians were named partners at Goldman Sachs Group.

US-based group named 70 executives as the partners and 266 as the MDs and they will be holding positions starting from 1 January 2013. The three Indian partners are named Gaurav Seth, Vivek Bantwal and Amol Naik. The new partners will be based in America.

In the list of 266 people promoted to the designation of MD, 16 are India-based and these include Mitesh J Parikh, Manav Gupta, Nilesh Banerjee, Sameer Ralhan, Kunal Shah, Nita Patel, Dinkar Bhatia, Nikhil Choraria, Dinesh Gupta, Pooja Goyal, Hari Moorthy, Meera Bhutta, Amit Sinha, Monali Vora, Gunjan Samtani and Akshay Sahni.

Goldman Sachs announces its MD list each year and the partners’ list is announced one time in two years. Managing Director is the rank just below the partners’. In 2011, 261 executives were promoted to MD’s position. Partners at the Goldman are also known as Participating Managing Directors. The basic salary of the MD at the group is $500,000 and that of the partners is approximately $900,000. Both the executive classes of the senior management of group also enjoy considerable sum as well as bonuses.

Chairman and Chief Executive Officer of the global giant congratulated the selected ones for their achievements.

About Goldman Sachs
Goldman Sachs is the leading international financial services company that provides investment banking, securities and investment management, financial institutions, HNIs as well as corporations. It laid its foundation in 1869 and has its headquarters in New York. The offices are located all across the world in some of the leading financial centres. Goldman Sachs has approximately 32600 employees all over the world. In 2011, the number of employees at Goldman was 34200.