Goldman to promote highest number of executives to managing director since 2021

Core Insights - Goldman Sachs will promote 638 executives to managing director in the upcoming year, marking the highest number of promotions since 2021 [1] - The increase in promotions is attributed to a resurgence in investment banking activities [1] Summary by Categories Promotions - The number of executives being promoted to managing director is the highest since 2021, indicating a significant growth in the firm's leadership ranks [1] Investment Banking - The bank is experiencing a recovery in investment banking, which is driving the decision to promote a larger number of executives [1]