Among the seventy newly named partners at the global investment banking firm Goldman Sachs Group are three senior professionals, Huw Pill, Michael Siegel, and Scott Lebovitz. Goldman Sachs named the new partners on November 14, 2012, recognizing and acknowledging their leadership and contribution to the company’s high standard of excellence.
Huw Pill is chief European economist at Goldman and helps with the company’s global investment research. Pill is based in Goldman’s London office and is a co-head of the European economics team. He is also on the Goldman macro research operating committee.
Michael Siegel runs the global insurance asset management business which is part of the Goldman Sachs Asset Management division. Insurance companies turn to this division when they wish to outsource the management of their accounting and balance sheets including alternative and traditional asset types.
Scott Lebovitz, Goldman member of the merchant banking division, works in the principal investment area. Lebovitz joined the bank in 1997, and now serves on the board of the Dallas-based Energy Future Holdings.
Goldman Sachs, the fifth largest US bank according to assets, has been promoting employees to partners for the past 130 years, since the company was founded. It is a tradition begun when the firm was a private entity, and continued even after Goldman went public in 1999. Becoming a partner at Goldman designates an employee among the elite, with alumni including two former US Treasury secretaries and the head of the European Central Bank.
“Other than billionaire, partner at Goldman Sachs is probably the most coveted status on Wall Street,” said Gregory Cresci, an executive recruiter at Odyssey Search Partners in New York. “It commands respect.”