Goldman Sachs promotes 30 executives as MDs in India, the largest ever in the country

Leading global investment bank Goldman Sachs has promoted 30 executives in its India offices to the managing director (MD) position, the largest ever group of new MDs the company has promoted in the country.
The highest ever number of new MD promotions in India is a reflection of the company’s investment in the country, a key footprint and a deep fintech hub globally. In the 2019 MD promotion cycle, the company had 18 managing director promotions in India, which represents the second largest presence of the firm outside of New York.
Globally, the company promoted 643 employees as MDs this year, which includes 71 Indians, making it the largest MD class to date globally, the company said in a note. The new MDS will take charge on January 1.

In India, there was one managing director promotion in the Mumbai office and 29 promotions in the company’s Bengaluru office. The firm opened a new Hyderabad office in July this year.
Goldman Sachs has more than 8,000 employees in India and employs more than 43,000 professionals globally.

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