Goldman names Denis Coleman as new CFO starting next year for retiring Stephen Scherr

Stephen Scherr, chief technique officer and head of GS Bank USA at Goldman Sachs & Co.

Jon Halty | Bloomberg | Getty Images

Goldman Sachs named Denis Coleman the financial institution’s new chief monetary officer starting next year.

Coleman, the present co-head of the agency’s Global Financing Group, will take over for Stephen Scherr, who’s stepping down as CFO at year-end and retiring in January 2022, Goldman stated Tuesday in a release.

“Denis has consistently proven himself through his strong judgment and operational capability across roles of increasing responsibility and we look forward to his contributions to the firm as Chief Financial Officer,” Goldman CEO David Solomon stated within the launch.

The transfer is the primary occasion of turnover inside Solomon’s interior circle, the top executives he named as deputies shortly earlier than taking up Goldman in October 2018. Scherr was a part of a wave of funding bankers who rose to energy after Solomon was anointed CEO, together with John Waldron, who’s the agency’s president and chief working officer.

Before being promoted to CFO, Scherr, 57, led the agency’s efforts to develop its retail banking business, Goldman’s first foray into the buyer realm. He joined Goldman in 1993 as an funding banking affiliate and was steadily promoted to roles together with head of the financing group, head of the agency’s Latin American business and chief technique officer.

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