1 Goldman names about 70 partners to 2012 class: source - IBTimes UK

Goldman names about 70 partners to 2012 class: source

November 14, 2012 5:28 PM GMT

Goldman Sachs Group Inc named some 70 new partners to its 2012 partnership class, a source familiar with the matter said, down 37 percent from the previous class.

The group of new partners reflects the smallest number since the investment bank went public in 1999.

Goldman's partner naming, a relic from its past as a private investment bank, occurs every two years and is a closely watched event on Wall Street. The prior partner class in 2010 included 110 people.

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As of November 2, Goldman had 407 partners, according to a regulatory filing. (Reporting By Lauren Tara LaCapra; Editing by Mauren Bavdek)

Copyright 2012 Thomson Reuters. All rights reserved.

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