As you've likely heard, the GS co-prez is retiring. Thoughts on the matter, by Lloyd Blankfein:
After a distinguished 26-year career at the firm, Jon Winkelried, president and co-chief operating officer, has decided to retire from the firm at the end of March. I am pleased that we will be able to continue to draw on his experience as a senior director of the firm.
During his career, Jon has managed many of our most important businesses. He played a key role in establishing and building many of our global franchises. Along the way, he helped to develop the firm's global strategy as an advisor, financier and co-investor and mentored many of Goldman Sachs' leaders.
After graduating with an AB in Economics from the University of Chicago in 1981 and an MBA from the University of Chicago Graduate School of Business in 1982, Jon joined our Investment Banking Division in 1982. He worked as a summer associate in the Equities Division in 1981. In 1990, he became a partner, taking on various roles including responsibility for corporate new issues syndication and heading our credit business. In 1999, he moved to London to head the Fixed Income, Currency and Commodities Division in Europe and, in 2000, became global co-head of the division. In 2005, he became co-head of the Investment Banking Division. A year later, Jon was named president and co-chief operating officer of the firm. He was also the first chairman of our Business Practices Committee.
Jon looks forward to spending time with his family and meeting his commitments on various boards, including the University of Chicago and the Memorial Sloan-Kettering Cancer Center.
Goldman Sachs has benefitted from Jon's extraordinary leadership over the years. We thank him for his exceptional contributions to the firm and look forward to continuing to receive his advice and counsel in his new role.
Please join me in wishing Jon, Abby and their family the very best for the future.
Lloyd C. Blankfein