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NIFTY23,4060.33%
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Goldman Sachs Chief of Staff to Leave Partnership

Goldman Sachs Group Inc.'s Russell Horwitz, the bank's chief of staff, will retire from its partnership at the end of June after nearly two decades of service at the Wall Street firm. Horwitz, 55, will then become an advisory director at the firm.

Horwitz has been a key adviser to Goldman's top ranks, providing counsel on significant issues, including the aftermath of the 2008 financial crisis and the multibillion-dollar scandal at Malaysia's 1MDB investment fund. He first joined Goldman Sachs in 2004 and was named a partner in 2012. Prior to his return to Goldman in 2023, Horwitz worked at Ken Griffin's Citadel.

Horwitz's work at the firm will have a lasting impact, according to Chief Executive Officer David Solomon. In a memo, Solomon praised Horwitz for his "incisive perspectives and thoughtful counsel on a wide range of consequential issues for Goldman Sachs, our clients, and our people around the world."

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Horwitz's career at Goldman Sachs has been marked by a series of significant roles, including his first stint at the bank from 2004 to 2023. Before joining Goldman for his first stint, Horwitz worked in the federal government, starting out in the Clinton White House and later serving as a member of the team at the US Securities and Exchange Commission under Chairman Arthur Levitt. He also had a brief stint at Bloomberg LP, the parent company of Bloomberg News.

Timeline of Russell Horwitz's Career

YearPosition/Event
2004Joined Goldman Sachs Group Inc.
2012Named partner at Goldman Sachs Group Inc.
2023Returned to Goldman Sachs Group Inc. from Citadel

Horwitz has expressed pride in the accomplishments of the broader executive office during his time at Goldman.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

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