Insiders

Goldman Sachs Names Coleman Finance Chief as Scherr Sets Retirement

September 14, 2021 at 09:37 am EDT

By Colin Kellaher

Goldman Sachs Group Inc. on Tuesday said Stephen Scherr, its chief financial officer, plans to retire at the end of January after nearly 30 years with the Wall Street firm.

Goldman said Denis Coleman III, currently co-head of its global financing group, becomes deputy chief financial officer and will succeed Mr. Scherr as finance chief on Jan. 1.

Goldman said Mr. Scherr, who joined the firm in 1993 as an associate in its financial institutions group and has been chief financial officer since late 2018, will become a senior director upon his retirement at the end of January.

Mr. Coleman, who joined Goldman in 1996 as an analyst in the bank loan group, has served as co-head of the global financing group in the firm's investment-banking division since 2018.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

09-14-21 0936ET

Stephen Scherr

Stephen M. Scherr occupies the position of Chief Financial Officer & Executive Vice President at The Goldman Sachs Group, Inc. and Chief Financial Officer of Goldman Sachs Capital Partners (a subsidiary of The Goldman Sachs Group, Inc.). He is also on the board of The Jewish Museum and New York Stem Cell Foundation, Inc. In the past Stephen M. Scherr occupied the position of Chief Strategy Officer & CEO-Banking Operations at The Goldman Sachs Group, Inc. and Chief Executive Officer at Goldman Sachs Bank USA (New York) (a subsidiary of The Goldman Sachs Group, Inc.) and Associate for Financial Institutions Group, Inc.

View full profile