She serves on the Partnership Committee, and is also on the Board of Advisors of Launch With GS, Goldman Sachs' $1 billion investment strategy grounded in the belief that diverse teams drive strong returns. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. You cant have two different meetings where you talk about market share and growth and margins and then you have another meeting where you talk about diversity. These stories and more in banking news this week. And just a few weeks ago, she was asked to jointly lead the banks global consumer and wealth management division. See you next time. Bill Goldman, 38, historian, philanthropist and Levi Strauss heir So, youre just moving into this new role as global co-head of consumer and wealth management and this puts you in charge of the consumer bank and Marcus by Goldman Sachs. And at least I believe and I think its fair to say that theyre amazing. And it kind of reminds you of how important getting on a plane and seeing people in person and experiencing them in their environment really is. You also have mentioned to me before that when you became the chief strategy officer, the very first book you read was The Unbanking of America. Stephanie Cohen, a merger banker who has spent the past few years doing deals for private-equity firms and other big investors, will replace Stephen Scherr, who has held the role since 2014,. And were going to be better if we do that. And so thats really what were trying to do with what were doing in consumer and in Marcus. Log in to our website to save your bookmarks. The San Francisco bank entered into a multiyear partnership with Choice Hotels, which operates brands such as Radisson, Comfort and Econo Lodge. And so I do think this idea of bringing the best of Goldman Sachs, this corporate franchise and the relationships we have with those brands and then taking these in many cases, digital capabilities weve built in the consumer business and embedding them into those ecosystems in a way that serves their customers, I think is one of the ways that we can access this much broader audience. And its been so fascinating to watch the frankly, explosive growth of the business. Its the ultimate man-cave. This is good-return investing.". One of the first people that called me after the announcement that I was going to be the co-head of this division, was a friend and they wanted help managing their financial lives, but not just theirs, but their family.