Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.
When Cohn, who had previously been seen as Blankfein's heir, chose to leave Goldman for the Trump administration, the firm named Schwartz and Solomon as his replacements in late 2016, setting up the recent race. Solomon, 56, a former investment banker, has been boosted by the strength in that business, where Goldman Sachs posted record revenue past year.
Mr Schwartz served five years as global co-head of the securities division, before being named CFO in 2013.
Goldman Sachs said Monday that Harvey Schwartz, its co-chief operating officer, will retire next month, clearing the way for David Solomon to eventually become the next chief executive of the Wall Street firm.
The CEO and chairman, who has run the firm since 2006, always indicated that he would stay for at least a couple of years after the December 2016 reshuffle.
News of Schwartz's departure comes after a Friday report by the Wall Street Journal indicated that Chief Executive Officer Lloyd Blankfein was set to retire as early as the end of 2018. He has been co-chief operating officer with Harvey M. Schwartz, who announced his retirement on Monday.
Blankfein later tweeted that the announcement wasn't his.
Last 'Tom vs. Time' episode reveals how bad Brady's hand was
Check out the full "Tom vs". "But I just said to them, I said to 'em, 'Look this is a great lesson: we don't always win". In a previous episode, Gisele said that Brady told her he wanted to play to win two more Super Bowls before retiring.
Solomon, who is turning 56 this year, worked in junk bonds at Bear Stearns before joining Goldman as a partner in 1999, right before the firm's initial public offering. That business brought in $7.3 billion in revenue in the company's latest fiscal year, while Johnson Controls got more than $22 billion in adjusted revenue from its main business, which makes heating and ventilation systems for buildings and other systems.
Last year, Schwartz and Solomon presented a joint plan to move the bank forward and generate $5 billion in additional revenue, with a vision to boost lending and open for business in new locations such as Seattle and Atlanta.
Solomon doesn't sound like your typical bank CEO. Cohn said Tuesday he is resigning from his role as chief economic advisor to the White House.
Solomon graduated from Hamilton College with a bachelor's degree in political science.
The New York Timesfirst reported on the the double life of D-Sol in 2017, when the EDM DJ was just starting out, making rounds in New York, the Bahamas, and Miami.
There was no specific reason in the Goldman announcement about why Schwartz chose to retire. He has also taken on a leading role in the firm's diversity push and initiatives to improve working conditions for young bankers.
North Korea pledged to give up its nuclear programmes in 2005, but carried out its first atomic blast the following year. He also specified that his country would suspend all missile and nuclear tests while the countries are engaged in talks.
The body of Gowhar Ahmad Lone, 24, of Molu Chitragam, Shopian , was found around 250 meters away from the site at Pahnoo. The firing ensued after the army signaled a auto to stop at a check post and militants inside opened fire.
Full-back Hector Bellerin is also believed to be fuming after being dropped just two hours before Sunday's game. He said: "If you love a place and they ask - I repeat, they ask - for help, you are always going to say yes".
Joint Commissioner of Police (Law and Order) Deven Bharti said that adequate security arrangements had been made. Senior Sena leader Eknath Shinde met the protestors in Shahapur yesterday at the behest of Uddhav Thackeray.
European steel producers are concerned about a loss of market access, but also that steel from elsewhere will flood in. European steel and aluminium associations have warned that the USA tariffs could cost their sectors thousands of jobs.
Student activists from the school where the shooting took place followed the bill's track closely and called it " a baby step ". And Scott, a Republican and NRA member, did that in an election year when he is expected to announce is candidacy for the U.S.
Britain seeks to expand its market for service sector exports in Saudi Arabia and attract Saudi cash to finance domestic projects. The UK government made over £1.1bn ($1.5bn) from arm sales to Saudi Arabia in 2017 alone, according to government figures.
The ED has also traced some of the money being routed back to the banks for re-issuing letter of undertaking, or LoUs. PNB has lent Rs 587 crore as working capital, while ICICI Bank has lent Rs 405 crore to Mr Choksi's firms.
Pace can also try to work out a long-term deal with Fuller, which would need to get done by the July 16 deadline. He started 30 games in his first two seasons out of Virginia Tech and had six interceptions and 129 tackles.
Bairstow century powers England to series victory
England welcome Alex Hales back into the XI for the series-deciding match after Jason Roy was ruled out due to back spasms. They lost three wickets where their player Jonny Bairstow scored a century in the match and got player of the match award.
Spanish women hold strike against inequality, macho culture
The Spanish government has said it respects the decision to strike although it has refrained from supporting it openly. Morning Star Online said almost 1000 women in Pakistan are killed by close relatives each year in "honour killings".
Thousands in London without water
Southern Water, which supplies much of Kent, urged customers to "only use the water you absolutely must". Bottled water was brought in for the residents affected by the outage.
Conrad K Sangma takes oath as Meghalaya CM
A delegation of three central leaders of the Congress - Kamal Nath, Ahmed Patel and CP Joshi had met the governor on Saturday. He was also a Member of Parliament from Tura. "I was preparing to go to Delhi for Parliament session tomorrow".
Tommy Lee 'beaten up by son'
She appeared on Piers Morgan's Life Stories , discussing her disastrous three year marriage to Lee and identifying him as abusive. Tommy has since tweeted out that after Brandon burst into his room where he and his wife were in bed and attacked him.
Frances McDormand's Oscar Was Stolen
He also appeared to show off the Oscar in a now-deleted live video posted on a Facebook account for Terry Bryant Djmatari. It was not immediately clear in what capacity he was attending the event, but police said he had a ticket.
Sri Lanka declares 10-day Emergency
Muslims in Sri Lanka are generally known as Moors are the minority ethnic group comprising 9.3% of the country's total population. Last week, at least 5 people were wounded and several shops and a mosque damaged when groups clashed in Ampara.
Eight weeks to fix PNG LNG quake damage
Oil Search on Monday said it will revise its production guidance and estimate the likely earnings hit when it can. ExxonMobil's Hide Gas Conditioning Plant saw the plant's camp damaged by the quake.
Game 4: Michigan Wolverines outlast Iowa, 77-71, in overtime
Top dunk: Early in the second half, Michigan's Moe Wagner threw down a vicious one-handed slam that brought the crowd to its feet. Five players are averaging at least 8.2 points per game for Nebraska, they are James Palmer Jr. "The foul shots didn't go in".
NPP, BJP, regional parties to form government in Meghalaya
The National People's Party of Conrad Sangma is in the second place with 14 seats, followed by the BJP which is leading in 7. The United Democratic Party (UDP), which is a part of the BJP-led North East Democratic Alliance (NEDA), has won six seats.