Goldman Sachs’ ‘Brains,’ CFO David Viniar, To Retire
Goldman Sachs’ chief financial officer, who has been credited as among the most essential executives at the powerful Wall Street investment bank for helping it emerge strong from the financial crisis, is stepping down.
David Viniar, a 32-year veteran of the bank, will retire at the end of January 2013 but will join the board as a non-independent director.
His replacement: Harvey Schwartz, the bank’s global co-head of the Securities Division, Goldman said in a statement at the end of the trading day in New York.
Some investors have seen Viniar as irreplaceable, as he helped guide its risk-management and avoid much of fallout from the housing crisis and financial crisis, according to a July 2011 Bloomberg News article.