Long-Time Goldman (GS) Exec David Viniar Hangs-Up CFO Spurs
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David Viniar, the longest serving CFO on Wall Street and the voice of Goldman Sachs’ (NYSE: GS) quarterly earnings reports, will step down in January.
Vaniar took over as CFO in March of 1999. Since then the bank has experience more than a few shakeups in its executive team, and Vinair has survived them all. Viniar’s retirement begins in January, though he will continue to serve on the Board of Directors as a non-independent director.
Viniar’s replacement will be Harvey M. Schwartz, the global co-head of the Securities Division. Schwartz will assume Mr. Viniar’s responsibilities, including oversight of Operations, Technology and Finance and as co-head of the Firmwide Risk Committee.
Schwartz joined Goldman Sachs as a vice president in 1997, became a managing director in 1999, and was named partner in 2002. He serves on the Management Committee, the Firmwide Risk Committee and was a member of the Business Standards
Committee. He is also co-chair of the Steering Committee on Regulatory Reform. This last title is an important consideration given the regulatory environment faced by banks.
Vaniar took over as CFO in March of 1999. Since then the bank has experience more than a few shakeups in its executive team, and Vinair has survived them all. Viniar’s retirement begins in January, though he will continue to serve on the Board of Directors as a non-independent director.
Viniar’s replacement will be Harvey M. Schwartz, the global co-head of the Securities Division. Schwartz will assume Mr. Viniar’s responsibilities, including oversight of Operations, Technology and Finance and as co-head of the Firmwide Risk Committee.
Schwartz joined Goldman Sachs as a vice president in 1997, became a managing director in 1999, and was named partner in 2002. He serves on the Management Committee, the Firmwide Risk Committee and was a member of the Business Standards
Committee. He is also co-chair of the Steering Committee on Regulatory Reform. This last title is an important consideration given the regulatory environment faced by banks.
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