Inside views on the jobs market
The following financial services industry appointment was announced on October 29, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail firstname.lastname@example.org.
Goldman Sachs Group Inc on Wednesday promoted 94 employees to partner, the firm’s highest rank and one offering lucrative bonuses. Every two years, Goldman names a class of managing directors to the exclusive rank of “partner managing director.” The system offers about 400 employees the chance to share a fifth of the firm’s total compensation pool.
Credit Suisse AG hired a former Lehman Brothers banker for a newly created investment banking position as it continues to refocus its business. Colin Welch will join the Swiss bank in November as head of investment banking for retail and luxury goods in Europe, Middle East and Africa, according to an internal memo provided by Credit Suisse. Welch headed retail investment banking for Europe and the Middle East at the collapsed Lehman.
Moody’s, parent of credit ratings agency Moody’s Investors Service, said Darrell Duffie was elected to its board of directors. Duffie, 54, is the Dean Witter Distinguished Professor of Finance at the Stanford Graduate School of Business.