Goldman Sachs names 25-year insider as CFO

Goldman Sachs Group Inc.
on Tuesday named Denis P. Coleman III as chief financial officer, effective Jan. 1. Coleman will hold the title of deputy chief financial officer, effective immediately, through the end of the year. Coleman will take over for Stephen M. Scherr, who worked for Goldman Sachs for nearly 30 years, and spent the past three years as CFO. Scherr will become a senior director after he retires at the end of the year. Coleman has worked for Goldman Sachs since 1996, serving as co-head of the global financing group in its investment banking unit for the past three years. Goldman Sachs CEO David M. Solomon said Coleman “has consistently proven himself through his strong judgment and operational capability across roles of increasing responsibility.” Coleman joined Goldman Sachs as an analyst in its bank loan group. In 1998, he moved to capital markets before transferring to investment banking in 2004. He became co-head of U.S. loan capital markets in 2005 and was named co-head of U.S. leveraged finance in 2008. He became head of EMEA credit finance in London in 2009 and was then named head of the EMEA financing group from 2016 to 2018. He was named managing director in 2005 and partner in 2008.

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