On January 19, Goldman Sachs announced its fourth-quarter earnings for 2020, making headlines for its strong financial performance.
The COVID-19 pandemic has forced banks to figure out how to do more of their business virtually, and Goldman has earned headlines for that too. In March, when much of the economy was shutting down, its tech and operations teams were shipping thousands of monitors, hard drives, and other pieces of equipment around the world, so that 98 percent of its 38,000 employees could work remotely. The quick turnaround drew praise for its ingenuity, as did Goldman’s Chairman and CEO, David Solomon, whom the crisis proved to be, in the words of the New York Times, “a deft navigator.”
But then, ever since he became CEO in October 2018, Solomon has focused on navigating the 152-year-old bank through the swirling rapids of economic change. After the days of the financial crisis, when Goldman relied heavily on trading for its profits, Solomon has sought to broaden its sources of revenue, for instance by creating its own entirely digital commercial bank, Marcus.
And now that the economy is confronting a new set of challenges, ranging from the stalled vaccine rollout to rising unemployment claims, the HBS Club of NY has invited Solomon to share with us his perspective on what lies ahead.
Solomon will discuss what the global economic prospects are for 2021; how growing investor interest in climate transition and inclusive growth is reshaping the financial industry; and what leading a global bank in the midst of a pandemic has taught him about leadership.
Please join us for what promises to be a wide-ranging and fascinating conversation.
Participants must register by February 22nd to receive details on joining the discussion.
Please note that no refunds will be issued.
Chairman & CEO at Goldman Sachs
David is Chairman and Chief Executive Officer and a member of the Board of Directors of The Goldman Sachs Group, Inc.
Previously, he was President and Chief Operating Officer and prior to that, he served as Co-Head of the Investment Banking Division from 2006 to 2016. Before that, Solomon was Global Head of the Financing Group, which includes all capital markets and derivative products for the firm’s corporate clients. He joined Goldman Sachs as a Partner in 1999.
Prior to joining the firm, David held leadership roles at Irving Trust Company, Drexel Burnham and Bear Stearns.
David is a member of the Board of Trustees of Hamilton College and serves on the board of The Robin Hood Foundation.
David earned a BA in Political Science from Hamilton College.
Journalist at CNBC
Sara Eisen is co-anchor of CNBC’s Closing Bell. She is known for her deep expertise in financial markets and the global economy as well as regular news making interviews with some of the most prominent names in the financial world.
She joined CNBC in December 2013 as a correspondent, focusing on the global consumer. Prior to CNBC, Eisen was co-anchor of Bloomberg Surveillance as well as a correspondent for Bloomberg Television. Eisen holds a master’s degree in broadcast journalism with a concentration in business reporting from the Medill School of Journalism at Northwestern University.
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