(Jan 21): Goldman Sachs Group Inc is preparing to promote a slate of star executives to run its biggest Wall Street business lines, spotlighting the firm’s next generation of leadership.

The bank, which just reported a surge in profit, is planning to tap new global leaders for its equities, fixed-income and banking units, according to people with knowledge of the matter, who asked not to be named discussing personnel decisions. It also plans to name new co-heads of its international unit.

Erdit Hoxha, Cyril Goddeeris and Dmitri Potishko will oversee equities; Kunal Shah, Anshul Sehgal and Jason Brauth are set to run fixed income; and Kim Posnett, Matt McClure and Anthony Gutman will lead banking.

Shah and Gutman are becoming co-CEO of Goldman Sachs International in addition to their new roles. Richard Gnodde, 64, will step down from running the international business and is becoming vice chairman of Goldman Sachs.

The promotions cap more than a year of deliberation inside Goldman over how to designate the firm’s next generation of leaders, giving them more influence in shaping the development of its operations. The roles being filled aren’t part of the bank’s current structure, with managers reporting to executives who oversee the broader banking and markets segment.

Altogether, the changes would amount to the most significant elevation of Goldman’s future leadership outside of CEO David Solomon’s core team in recent years. 

A spokesperson for the New York-based firm declined to comment.

Francois-Xavier de Mallmann, chairman of investment banking, will become chairman of Goldman Sachs EMEA. He will join the management committee in addition to the new division heads, as well as Will Bousquette, chief operating officer of the asset and wealth business; Kathleen Connolly, the bank’s global director of internal audit; and Marie Louise Kirk, chief administrative officer for Asia-Pacific.

In total, 15 people are joining Goldman’s management committee, lifting its membership by more than 50%.

Separately, John Storey and Tony Pasquariello are becoming co-heads of One Goldman Sachs, alongside existing co-head Meena Flynn. Sam Morgan will step down from leading that initiative, which aims to integrate the bank’s services and increase collaboration.

In a smaller reorganisation earlier this month, the bank shuffled managers and combined units to form a capital solutions group, a nod to the growing importance of private markets.

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