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Goldman Sachs Invites Diverse Execs to Join Partner Ranks

Goldman Sachs seeks to boost diversity at the firm with nearly half of the 60 executives it invited to join as partners being of diverse backgrounds. So reports Reuters.

Goldman SachsThe investment banking giant notes that the 60 executives will assume their new partner roles as of Jan. 1. Partners are considered among the most prized positions as they collectively control a small stake in Goldman Sachs with million-dollar compensation packages and opportunities to tap top-notch investments.

Of the 60 executives, 47% are women, Black, Asian or Latino, with 16 being women. These partners will span the globe with 43 located in the Americas, 13 in Europe, the Middle East and Africa, three in the Asia-Pacific region and one in Bengaluru.

Chief Executive David Solomon said he is eager to boost diversity in senior positions and, to that end, the bank has set high goals to bring in more Blacks, Latinos and women for interviews and to be hired. A minimum of two diverse recruits are required to be interviewed for any high-level position, but Solomon has noted that his firm still is not diversifying its ranks quickly enough.

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