Goldman Sachs fintech executive to take leave of absence

Stephanie Cohen, the pinnacle of Goldman Sachs Group Inc’s (GS.N) fintech unit referred to as Platform Solutions, is taking a depart of absence for own family motives, she said in a memo to workforce seen with the aid of Reuters.

“The beyond year has introduced a few challenges for my circle of relatives,” Cohen stated in the memo. “While I have carried out my exceptional to stability the important work we do right here with my life at domestic, I even have made the selection that taking some time far from work to consciousness on my own family is the exceptional preference.”

Philip Berlinski, the bank’s treasurer, and Ericka Leslie, its leader administrative officer, will manage Cohen’s duties in her absence.

Cohen is the simplest lady government to guide one among Goldman’s three primary enterprise gadgets. She previously was co-head of its customer and wealth control division, and additionally served as the business enterprise’s leader strategy officer after hiking the ranks within the funding banking division.

Cohen joined Goldman Sachs as an analyst in 1999, became named managing director in 2008 and associate in 2014.

Last 12 months, Goldman created the Platform Solutions unit to residence its credit card partnerships, transaction banking and GreenSky, a platform for domestic development loans that it bought for $2.2 billion in late 2021.

Goldman Sachs is going for walks a sale technique for GreenSky and may take a writedown at the $500 million of goodwill, or the premium it paid above the assets’ ebook value, Goldman’s president and leader running officer, John Waldron, instructed buyers at a conference remaining week.