Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Goldmans names strategy head as it eyes wealth opportunity

by Dylan Lobo on Jun 03, 2014 at 13:47

Goldmans names strategy head as it eyes wealth opportunity

Goldman Sachs has named Stephen Scherr as chief strategy officer.

According to the Financial Times, the appointment is an indication of Goldmans desire to grow its commercial and wealth management division.

In internal memos from Goldmans chief executive and chairman Lloyds Blanfein (pictured) seen by Wealth Manager, the appointment of Scherr - who has been head of the company's finance group since 2008 - was sent to staff on 2 June. 

'Stephen will work across the firm to develop and drive important growth initiatives as part of the firm’s global strategy,' the memo said.  

'As a long-tenured leader in the investment banking division, and as global head of the financing group since 2008, Stephen has a deep understanding of all of our businesses and of the needs of our clients.  As we advance the firm’s global strategy, Stephen will identify and help execute on opportunities to grow and build upon our strong client franchise across our core businesses. 

'As part of his role, we have asked Stephen to help coordinate our lending business as we leverage our existing bank platform to provide credit to both corporate and individual clients.

At the same time it was announced that Goldmans senior strategy officer Andrew Chisholm is to leave the firm after 30 years of service.

Goldmans confirmed the appointment of Scherr and the exit of Chisholm.  

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

What others are saying


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet