US Markets
Thursday, April 11th, 2024 3:38 pm EDT
Key Points
- Carey Halio is being promoted from head of strategy and investor relations to global treasurer at Goldman Sachs.
- In her new role, effective June 1, Halio will oversee the bank’s $1.6 trillion balance sheet, managing liquidity, funding, and capital, reporting to Denis Coleman, the chief financial officer.
- Philip Berlinski, the previous global treasurer, is leaving Goldman Sachs to join Millennium Management as co-chief operating officer, while Halio will lead a team of approximately 900 people and serve on the management committee.
Carey Halio, currently head of strategy and investor relations at Goldman Sachs, is set to be promoted to the position of global treasurer within the bank, effective June 1, as reported by sources familiar with the matter. In her new role, Halio will wield authority over the bank’s vast $1.6 trillion balance sheet, tasked with overseeing critical areas such as liquidity, funding, and capital. She will report directly to Denis Coleman, the chief financial officer of Goldman Sachs. This transition follows the departure of Philip Berlinski, the previous global treasurer, who is leaving to assume the role of co-chief operating officer at Millennium Management, a prominent $62 billion hedge fund, according to the Financial Times. Halio’s expanded responsibilities will extend to leading a team of approximately 900 individuals and serving on the bank’s management committee. Goldman Sachs CEO David Solomon expressed confidence in Halio’s capabilities, citing her extensive leadership experience within the firm across various divisions and her track record of driving strategic initiatives. Prior to her current role, Halio held positions such as CEO of Goldman Sachs Bank USA and deputy treasurer of the bank, showcasing her depth of expertise in financial operations. Joining Goldman Sachs in 1999, Halio’s journey within the company has been marked by progression, from starting as a summer associate in credit risk to eventually leading the Americas Financial Institutions team in credit risk. With Halio’s promotion, Jehan Ilahi, who has collaborated with her extensively in strategy and investor relations, is set to assume the role of head of investor relations. These changes come ahead of Goldman Sachs’ first-quarter earnings report, scheduled for Monday, signaling a strategic shift within the leadership team of one of the world’s leading investment banks.
For the full original article on CNBC, please click here: https://www.cnbc.com/2024/04/11/goldman-sachs-promotes-carey-halio-to-global-treasurer.html
