Mon, Dec 28, 2020 – 11:55 PM
[NEW YORK] Sheila Patel, chairman of Goldman Sachs’ asset-management unit, is retiring from the US$1.8 trillion division after virtually twenty years on the agency.
Ms Patel is among the many firm’s most senior ladies and shepherded a few of Goldman’s highest-profile relationships with traders around the globe. She is going to step down from the partnership and turn out to be an advisory director within the new yr, chief govt officer David Solomon mentioned in a memo to employees Monday.
“Sheila has contributed to our tradition, together with by serving as a mentor to many Goldman Sachs professionals around the globe,” Mr Solomon mentioned within the memo. “I stay up for benefiting from her continued counsel.”
Ms Patel rose to Goldman’s highest ranks in 2006 when she was named accomplice inside three years of becoming a member of the agency. A part of the financial institution’s administration committee in Europe, she’s overseen the fast-growing areas of environmental, social and governance and impression investing.
Previous to becoming a member of the asset-management unit, she labored in varied roles within the equities division, together with as co-head of distribution in Asia and head of US derivatives gross sales.