Goldman names new Chief Strategy Officer

Goldman Sachs Blink

Goldman Sachs named a new chief strategy officer on Monday, replacing an executive who had worked at the firm for nearly 30 years and is retiring at the end of the year.

The New York Times reports that taking the reins at the new position is Stephen M. Scherr, who is the head of the firm’s financing group, according to an internal memorandum reviewed by DealBook. He will be taking over from Andrew A. Chisholm, who will focus on financial institution clients until year end and then becoming an advisory director.

Chisholm joined Goldman in 1985 with a specialization in mergers, and then joined the firm’s financial institutions group while working in the investment bank’s London office. He returned to the United States to lead the financial institutions team globally in 2003, and then was named senior strategy officer in 2012.

In that role, he was tasked with helping Goldman’s management committee on the firm’s broader strategy, including identifying competitive trends.

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Goldman Names New Chief Strategy Officer

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