Goldman Sachs just tapped Stephen Scherr's chief of staff to serve as CFO of its customer service. Read the full memo announcing the promotion. thumbnail

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Summary List PlacementGoldman Sachs’ customer service has wanted to the bank’s own ranks for a new chief monetary officer..
Liz Ewing, a handling director at the bank, has actually been promoted to CFO of its customer business, which includes the digital bank Marcus and products like Goldman’s Apple Card, according to an internal memo sent out to all consumer staff members Monday that was viewed by Expert..
Ewing was previously the chief of staff to Goldman Sachs CFO Stephen Scherr, a position in which she had actually served given that October of2019 As part of her work in the bank’s executive workplace, she led a monetary preparation and analysis initiative to revamp Goldman’s budgeting process, the memo said..
Prior to Ewing’s work for Scherr, she co-managed Goldman’s Regulative Policy group. As part of that department, Ewing oversaw capital concerns at the bank like regulative tension tests and transaction advisory and structuring, according to her LinkedIn. She joined Goldman Sachs in 2011 from consulting huge KPMG..
Ewing replaces previous customer CFO Sherry Ann Mohan, who left Goldman in May to join JPMorgan Chase, where she’s will function as CFO of the firm’s business-banking department start in August.
As part of the promotion, Ewing will also rest on Goldman’s Consumer Operating Council, reporting to partner Brian King, customer chief threat officer and head of business operations..
King himself is a current addition to Goldman Sachs’ customer division, which he rejoined this May after leaving just in 2015 to direct Wells Fargo’s customer and small-business banking threat operations. Previously, King had been a managing director and chief danger officer for customer products like Goldman’s Apple Card and Marcus..
Goldman’s consumer company has actually seen a current turnover in skill as insiders described a breakneck culture that has seen executives and engineering talent alike leave the bank. Two top Goldman partners, former consumer head Omer Ismail and previous head of big collaborations David Stark, both left for Walmart’s upstart fintech previously this year..
However Goldman Sachs has likewise replenished its consumer ranks by working with from banks and tech companies alike. In addition to King, the bank revealed the hiring of a new customer head in May when it poached a leading Uber engineering exec, Peeyush Nahar, to change Ismail. Nahar officially joined the bank on June 1.
Goldman has likewise stated it prepares to work with approximately 300 engineers in its consumer business in 2021..
Check out the complete memo announcing the promotion of Ewing:.

June 14,2021
Liz Ewing Signs Up With Consumer as Chief Financial Officer.
We are pleased to announce that Liz Ewing will become the Consumer chief financial officer, accountable for budgeting, reporting, financial preparation and analysis throughout items. She will sign up with the Consumer Operating Council, to assist drive financial development and performances across business. In this capability, she will report to Brian King.
Prior to assuming this function, Liz worked as chief of staff to the company’s chief monetary officer, Stephen Scherr, and led an FP&An initiative to upgrade the firm’s budgeting procedure and tooling. Preceding the chief of personnel function, she co-managed the Regulatory Policy group, where she focused on capital and other prudential policies. In addition to working externally with industry groups, peer banks and regulators, Liz recommended internally on trade structures, capital planning, competitor analysis and guideline changes, and collaborated board reporting related to capital management and tension screening. She signed up with the firm as a vice president in 2011 and was named managing director in2017
We believe that the extensive experience which Liz brings, will support the continuous expansion of the Consumer company. Please join us in congratulating Liz on her function and wishing her ongoing success
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Harit Talwar.
Peeyush Nahar.
Brian King.
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