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Goldman’s Asset Unit Chairman Sheila Patel To Step Down

By John F. Heerdink, Jr.

Reportedly, Sheila Patel, Chairman of Goldman Sachs Group Inc.’s (GS) asset-management unit is retiring after almost two decades of service at the firm. Patel is among the company’s senior women and has headed some of Goldman’s highest-profile relationships with investors around the world. Patel to step down from the partnership and will take up the role as an advisory director in the New year.

“Sheila has contributed to our culture, including by serving as a mentor to many Goldman Sachs professionals around the world,”  stated Chief Executive Officer David Solomon. 

Patel rose to Goldman’s highest ranks in 2006 when she took over as partner within three years of joining the firm. Prior to joining the asset-management unit, she was a part of various roles in the equities division, including as co-head of distribution in Asia and head of U.S. derivatives sales.

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base. To learn more about The Goldman Sachs Group, Inc. (GS) and to continue to track its progress please visit the Vista Partners Goldman Sachs Group, Inc. (GS), Coverage Page

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(Read Original Story: Goldman’s Sheila Patel, Chairman of $1.8 Trillion Manager, to Retire in Bloomberg)


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