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Goldman Sachs names woman to run major division for the first time in years

September 29, 2020

A woman will run a major division at Goldman Sachs Group Inc. for the first time in years as Chief Executive David Solomon continues to put his mark on the bank.

Stephanie Cohen, who has been Goldman’s GS, -1.14% chief strategy officer since 2017, was promoted Tuesday to run the bank’s consumer banking and wealth-management division as part of a broader reshuffling two years into Solomon’s tenure. Her co-head will be Tucker York, a longtime executive in Goldman’s private bank, which caters to billionaires.

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