Goldman Sachs has announced the promotion of Carey Halio, the current head of strategy and investor relations, to the position of global treasurer. This new role, effective from June 1, will give Halio authority over the firm’s impressive balance sheet, which exceeds $1.6 trillion. Her responsibilities will include overseeing the firm’s liquidity, funding, and capital. Halio will report to Denis Coleman, the chief financial officer of Goldman Sachs.
The previous global treasurer, Philip Berlinski, is leaving the bank to become the co-chief operating officer of Millennium Management, a hedge fund with assets under management worth $62 billion. Halio will now take over as his successor and will be in charge of a team of approximately 900 individuals. In addition to her new responsibilities, Halio will also serve on the management committee.
Halio has an extensive background at Goldman Sachs, having previously held positions such as CEO of Goldman Sachs Bank USA and deputy treasurer of the firm. She first joined Goldman Sachs in 1999 as a summer associate in credit risk and later became the head of the Americas Financial Institutions team in credit risk. Her experience and expertise in various roles within the company make her well-suited for her new position as global treasurer.
Jehan Ilahi, who has worked closely with Halio in strategy and investor relations, will now take over as the head of investor relations. Ilahi’s experience and familiarity with the department will ensure a smooth transition.
Goldman Sachs is scheduled to report its first-quarter earnings on Monday, and this announcement comes at an opportune time for the bank. With Halio’s promotion, the firm demonstrates its commitment to strategic leadership and ensuring the effective management of its balance sheet.
Overall, Carey Halio’s promotion to global treasurer showcases Goldman Sachs’ recognition of her exceptional skills and contributions to the firm. Her extensive experience within the company and her previous roles have prepared her well for this new position. As she takes on the responsibility of overseeing the firm’s balance sheet and managing its liquidity, funding, and capital, Halio is set to make a significant impact in her new role.
