Goldman Sachs named 109 bankers to its global partnership on November 5, 2026 - its largest class since 2010 - with roughly 30 percent of those elevated drawn from its Asset & Wealth Management division, underscoring how central the business has become to the firm's growth strategy.
The appointments rose from the 95 partners named in 2024, and the partnership title is a legacy of Goldman's era as a private firm, when partners pooled their own money to support trading and investment banking, and split the resulting profits or losses. The new partners take effect January 1, 2027.
Goldman's wealth management fees rose 17 percent year-over-year to $1.77 billion in the first quarter of 2026, with its alternatives platform contributing $597 million in management and other fees, up 13 percent from Q1 2025. The firm has been pressing that advantage across both institutional and private wealth channels.
Earlier in 2026, Goldman moved to reinforce Asset & Wealth Management at the most senior level, elevating seven AWM leaders to its management committee, expanding that decision-making body to 46 members and tightening coordination across the wealth and private credit businesses. The latest partner class extends that signal deeper into the firm's ranks.
Goldman Sachs CEO David Solomon said those promoted have distinguished themselves through "their differentiated impact on our global franchise and ongoing focus on managing risk effectively."
Several of the new AWM partners are based outside New York - in Chicago, West Palm Beach, Dallas, Irvine, London, Singapore, Hong Kong, Tokyo, and Sydney - a geographic spread that tracks Goldman's push to expand private wealth management beyond its traditional northeastern base and deepen its reach with ultra-high-net-worth clients in growth markets.
The firm's private wealth management arm, which specializes in comprehensive planning for ultra-high-net-worth individuals and select institutions including foundations and endowments, has been a consistent engine of fee growth. Goldman's asset management arm posted record assets under supervision in early 2026 even as rivals faced redemption pressure in private credit - a performance it attributed in part to its institutional-heavy investor base within AWM.
The broader 109-person class - with 85 percent in revenue-producing divisions across global banking and markets as well as asset and wealth management - reflects what Goldman's leadership has described as an effort to reward differentiated impact across the franchise. The cohort, once fully seated, will bring the total partnership to approximately 500 members firm-wide.
One notable departure from prior years: Goldman did not publish a demographic breakdown of the 2026 class. A Goldman executive cited the change in the legal environment in recent years for not breaking down the demographics, but added the firm still believes the diversity of its workforce is critical to the company's commercial success.
In 2024, Goldman announced that 26 women - or 27 percent of that cohort - were promoted to partner ranks, with the class also including 6 percent Hispanic executives and 4 percent Black. No equivalent figures were released for 2026.
Mayra Rodriguez Valladares, managing principal at MRV Associates, LLC, told Reuters that: "It is unfortunate that one of the world's largest and influential banks is afraid to publish demographic data. Executives should come out and state plainly whether they really are interested in giving all an equal playing field or whether they only release numbers when it is politically convenient."
The omission reflects a broader retreat by Wall Street firms from public diversity reporting. InvestmentNews has tracked how wealth management firms are navigating DEI rollbacks amid sustained pressure from the Trump administration's campaign against diversity, equity, and inclusion programs in both government and corporate America.
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