Goldman names 16 PIOs as MDs, 3 as partners

The US-based group named 70 individuals as its partners and announced a list of 266 persons to become MDs with effect from January 1, 2013.

The list of 70 new partners include at least three persons of Indian origin — Vivek Bantwal, Amol Naik and Gaurav Seth.

More than half of the new partners would be based in the Americas. Besides, there are at least 16 persons of Indian origin among 266 individuals being promoted as MDs.

These include Nilesh Banerjee, Dinkar Bhatia, Meera Bhutta, Nikhil Choraria, Pooja Goyal, Dinesh Gupta, Manav Gupta, Hari Moorthy, Mitesh J Parikh, Nita Patel, Sameer Ralhan, Akshay Sahni, Gunjan Samtani, Kunal Shah, Amit Sinha and Monali Vora.

The group announces a list of managing directors every year, while the list of partners are generally announced once in two years.

At the Goldman Sachs group, the MD’s position is one rank below that of the partner. Last year, it had promoted 261 executives to the position of managing director.

The partners are also known at the group as ‘participating managing directors’. Typically, a managing director at Goldman Sachs earns a base salary of $500,000, while that of partners is in the range of $900,000. Both these classes of senior management executives are also paid a considerable sum as bonuses.

The group has close to 32,600 employees across the world currently, down from

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