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Goldman Sachs Chief Financial Officer David Viniar is retiring after 32 years at the firm, according to a press release linked by the firm's twitter account.
Mr. Viniar joined Goldman in 1980, rising to the top of the firm's Treasury Department in 1992, according to the release, before assuming the role of deputy CFO in 1998. According to Goldman, Mr. Viniar is the longest serving CFO of a major Wall Street institution.
Mr. Viniar will be replaced by Harvey M. Schwartz, currently co-head of Goldman's securities division, at the end of January 2013:
Schwartz joined Goldman Sachs as a vice president in 1997, became a managing director in 1999, and was named partner in 2002. He serves on the Management Committee, the Firmwide Risk Committee and was a member of the Business Standards Committee. He is also co-chair of the Steering Committee on Regulatory Reform.
Prior to becoming global co-head of the Securities Division, Schwartz was global head of Securities Division Sales, where he helped oversee the Division’s relationships with clients including corporations, asset managers and institutions. Before that, he was co-head of the Americas Financing Group within Investment Banking, which centralizes financing-related advice, origination and execution for clients. He received a B.A. from Rutgers University in 1987 and an M.B.A. from Columbia University in 1996.
It's the kind of the press release The Observer might ordinarily leave alone, but as long as Goldman is tweeting, we suppose we'll play along.
