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☆ 3 US cities drawing more millionaires with lower taxes, cheaper homes, and shorter commutes
▼ + stars: | 2024-05-09 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

Consulting firm Henley & Partners identified 3 US cities with huge potential for wealth growth. AdvertisementNew York, Los Angeles, and Chicago may no longer hold the same sway for millionaires and billionaires anymore, according to consulting firm Henley & Partners. The numbers of wealthy residents in these cities might be smaller than in the major hubs, but their rate of growth is much higher. New York, for example, has 349,500 millionaires, according to Henley & Partners, while Scottsdale only has 14,500. AdvertisementHere's a look at the three American locations Henley & Partners projected will boom with wealthy residents in the coming years.

Persons: Henley, —, Mehdi Kadiri Organizations: Henley & Partners, Greenwich, Service, — Henley, Partners, New Locations: Scottsdale, Palm Beach, New York, California, York, Los Angeles, Chicago, Austin, Miami, Los Angeles , New York, London, Scottsdale , Arizona, Phoenix, Beach , Florida, Connecticut, Greenwich, Darien

☆ European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty
▼ + stars: | 2024-04-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, March 7, 2024. The European Central Bank on Thursday held interest rates steady for a fifth straight meeting and gave its clearest signal yet of an upcoming rate cut, despite uncertainty over the U.S. Federal Reserve's next moves. In a press conference following the announcement, ECB President Christine Lagarde said this "important" new sentence was a "loud and clear indication" of the bank's current sentiment. The ECB made no direct reference to loosening monetary policy in its previous communiques. The central bank for the 20 countries that share the euro currency hiked its key rate to a record 4% in September.

Persons: Christine Lagarde, Hussain Mehdi Organizations: European Central Bank, ECB, U.S, U.S . Federal, HSBC Asset Management Locations: Frankfurt, Germany, U.S .

☆ Samsung has lost its edge, analyst says
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSamsung has lost its edge, analyst saysMehdi Hosseini, senior tech hardware analyst of Susquehanna International Group, says Samsung, which "used to be the market leader in innovating for memory, for smartphones, for display," is now only "benefiting from the cycle recovery."

Persons: Mehdi Hosseini Organizations: Samsung, Susquehanna International Group

☆ Another analyst is saying 'all AI roads' lead to this under-the-radar global chip stock
▼ + stars: | 2024-04-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The boom in demand for artificial intelligence leads back to this global chip supplier, according to Susquehanna. Analyst Mehdi Hosseini upped his estimates on the semiconductor manufacturer Taiwan Semiconductor Manufacturing as wafer average selling prices improve, saying that "all AI roads originate from TSM." The firm joins JPMorgan in asserting that "all AI roads" lead to the global chipmaker. Taiwan Semiconductor is coming off a strong start to 2024. Taiwan Semiconductor, a supplier to chip giants such as Nvidia , Advanced Micro Devices and Qualcomm , could rally another 27% based on the firm's $180 price target.

Persons: Mehdi Hosseini, TSM Organizations: Taiwan Semiconductor Manufacturing, Taiwan Semiconductor, JPMorgan, Susquehanna, Semiconductor, Nvidia, Devices, Qualcomm Locations: Susquehanna, TSM, U.S

☆ Fintech ValidMind aims to ease Wall Street's AI risk management headaches. Here's the pitch deck it used to raise $8 million in a round led by Point72 Ventures.
▼ + stars: | 2024-03-28 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

Wall Street firms know the pains of having to satisfy regulators, and with advancements in artificial intelligence, there's a whole new level of scrutiny and complexity. It involves quality-and-assurance teams who test, verify, validate, and challenge the AI models before they go into production and report issues back to the engineering team to fix. In some cases, banks' technology teams are spending at least half their time documenting models for compliance, Jonas Jacobi, cofounder of fintech startup ValidMind, told Business Insider. AI models are often compared to a "black box" because it can be difficult to understand their decision-making or how the models arrive at their results. With the new injection of capital, ValidMind will build more features, like one aimed at automating the risk management of third-party vendor solutions.

Persons: Banks, Jonas Jacobi, Jacobi, ValidMind, Steve Cohen's, Mehdi Esmail, Andres Rodriguez Organizations: Business, Point72 Ventures, American Express, Third Prime Ventures, York Life, Jacobi, Technologists Locations: Palo Alto, Calif, Wall, ValidMind

☆ The potential $2 billion sale of Selena Gomez's Rare Beauty could make her the next celebrity billionaire
▼ + stars: | 2024-03-20 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

Here's how Rare Beauty outdid other celebrity brands — and how it could make Gomez a billionaire. AdvertisementThere are currently at least 40 celebrity beauty brands on the market — all experiencing varying degrees of success. AdvertisementNow, Selena Gomez may be poised to join their ranks and become the next celebrity beauty billionaire. Rare Beauty is exclusively sold at Sephora — meaning a potential buyer would see plenty of room for growth. It's among the most-followed celebrity beauty brands on both Instagram and TikTok, with 7.1 million and 3.6 million followers, respectively.

Persons: Selena Gomez, Gomez, —, Hailey Beiber's Rhode, Addison, Brad Pitt's Le Domaine, Rihanna, Kim Kardashian, Kim, Anncy Rowe, Jeffrey Ten, Scott Friedman, Nikki Eslami, Pascal Le Segretain, it's, Friedman, Mehdi Mehdi, Joyce Kim, Estée Lauder, Elizabeth Taylor's, Rowe, she's, Alex Rawitz Organizations: Service, Coty, Bloomberg, Fashion, Business, Fast Company, Brand, New Theory Ventures, Nyx, L'Oréal Locations: SKKN, L'Oréal, Sephora

☆ Record numbers of wealthy Americans are looking for ways to live overseas
▼ + stars: | 2024-03-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

An investment-migration consultancy says record numbers of rich Americans are enquiring about citizenship abroad. Portugal's golden visa program is the most popular option among Americans, Henley & Partners said. AdvertisementAn investment-migration consultancy says that it is seeing record numbers of wealthy Americans looking for ways to get residence rights abroad or additional citizenships. Programs offered by Malta, Spain, Greece, and Italy are also high on American citizens' lists, Henley & Partners said. The programs allow wealthy Americans to live in the USA as their primary residence but relocate "at any point," it said in the report.

Persons: —, Mehdi Kadiri, Dominic Volek, Kadiri Organizations: Henley & Partners, Service, North America, EU Locations: North, Portugal, Malta, Spain, Greece, Italy, USA

☆ All eyes are on Nvidia this week, but another AI play is getting buzz before earnings
▼ + stars: | 2024-03-18 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Micron touts HBM3E as an essential component to move the needle forward on AI advancement, and so far, analysts agree. Mosesmann's buy rating and $140 per share price target represents 50% upside from Friday's close. The analyst maintains an outperform rating on Micron stock as well as a $120 per share price target, which equates to roughly 29% upside. The firm maintains a buy rating on Micron coupled with a $112 per share price target, more than 20% above the previous close. The analysts raised his price target to $150 from $95, calling for about 61% upside moving forward.

Persons: Rosenblatt, Hans Mosesmann, Mosesmann's, TD Cowen, Krish Sankar, Mehdi Hosseini, Citi's Christopher Danely, Danely Organizations: Micron Technology, Nvidia, GTC Conference, Micro, Analysts, Micron, MU, AMD

☆ Iran holds first elections since Mahsa Amini protests, with low turnout and boycott expected
▼ + stars: | 2024-03-01 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Iranian women cast their ballots at a polling station during elections to select members of parliament and a key clerical body, in Tehran on March 1, 2024. Iran holds its parliamentary elections on Friday, in the first vote for Iranians since a nationwide protest movement for women's rights rocked the country in 2022. "Transition from the despotic religious regime is a national demand and the only way for the survival of Iran, Iranians, and our humanity," Mohammadi added. "And providing the political system with overt legitimacy, after the very system has disregarded and abused people and civil rights, is just too much." Country analysts expect a nationwide turnout of between 30% and 50%, while state polling center ISPA estimated the turnout in Tehran at just 23.5% and 38.5% nationally.

Persons: Ayatollah Ali Khamenei, Khamenei, Mehdi, Narges Mohammadi, Mohammadi, Sanam Vakil Organizations: Islamic, Assembly, Experts, CNBC, Iranian, Chatham House Locations: Tehran, Iran, Iran's, East, North Africa

☆ What's behind the 'once-in-a decade momentum' in Arm Holdings stock
▼ + stars: | 2024-02-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

"That's just created this once-in-a-decade momentum," said Mehdi Hosseini, an equity research analyst covering the stock at Susquehanna International Group. While the company posted robust results and guidance, analysts have cast doubt over the magnitude of recent stock moves, which include a 48% post-earnings rally and a 19% drop during Tuesday's session. ARM mountain 2024-02-08 Arm since reporting earnings One key factor at play is the limited number of shares in the marketplace. Traders typically buy shares short as a bet that the price of an asset will fall. The unwavering excitement around AI that's driven an investing frenzy over the last year may also be a factor at play with Arm.

Persons: That's, Mehdi Hosseini, Needham, Charles Shi, Ryuta Makino, there's, SoftBank, Hosseini, Shi Organizations: Holdings, Susquehanna International Group, Apple, Nvidia, Devices, ARM, GAMCO Investors, Retail, Tesla, Vanda Research, Partners, Traders

☆ Microsoft's Super Bowl ad is a sign of the company's shifting AI priorities
▼ + stars: | 2024-02-07 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Read previewMicrosoft's appears to be focusing its artificial intelligence efforts more on its AI companion Copilot over its revamped Bing search engine — and the tech giant's latest Super Bowl ad may be a sign of the company's changing priorities. On Wednesday, Microsoft revealed its Super Bowl ad for Copilot's standalone smartphone app that can answer user queries akin to OpenAI's ChatGPT. But viewers who've been following Microsoft's AI efforts may be wondering: what about Bing chat, the AI-powered search engine that the company launched months before Copilot? Bing, which added AI capabilities to its search engine last February, had around only 3% of the search market within that same time frame. Microsoft's shift from Bing to Copilot comes as the tech company seeks to integrate Copilot across its product lines.

Persons: —, Bing, Yusuf Mehdi, . Bing, doesn't, We've, Mehdi, Microsoft didn't, Copilot, chatbot Organizations: Service, Microsoft, Business, Google, Excel Locations: .

☆ The bear and bull case for Super Micro Computer
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bear and bull case for Super Micro ComputerMehdi Hosseini, Susquehanna senior equity research analyst, and Nehal Chokshi, managing director at Northland Securities, join 'Power Lunch' to debate the bear and bull case for Super Micro Computer.

Persons: Mehdi, Nehal Chokshi Organizations: Micro, Susquehanna, Northland Securities, Micro Computer

☆ Watch CNBC’s full interview with Susquehanna’s Mehdi Hosseini and Northland Securities’ Nehal Chokshi
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Susquehanna’s Mehdi Hosseini and Northland Securities’ Nehal ChokshiMehdi Hosseini, Susquehanna senior equity research analyst, and Nehal Chokshi, managing director at Northland Securities, join 'Power Lunch' to debate the bear and bull case for Super Micro Computer.

Persons: Susquehanna’s Mehdi Hosseini, Chokshi Mehdi Hosseini, Nehal Chokshi Organizations: Northland Securities, Susquehanna, Micro Computer

BOSTON (AP) — A Florida man convicted of stealing tuition in 2019 from hundreds of families who planned to send their children to sports camps and spending the money on plastic surgery, vacations and gambling was sentenced Tuesday to two and a half years in prison. Mehdi Belhassan, 53, of Tampa, was found guilty on two counts of wire fraud in October 2023. He was also sentenced Tuesday to two years of supervised release and ordered to pay restitution of $575,427 and forfeiture of $443,346. Beginning in the fall of 2018, Belhassan falsely claimed that he would operate his annual MB Sports Camps at a Boston-area college, prosecutors said. He used the funds to fly to Las Vegas, where he gambled and spent the money on entertainment and hotels, prosecutors said.

Persons: Mehdi Belhassan, Belhassan Organizations: BOSTON Locations: Florida, Tampa, Boston, U.S, Las Vegas

☆ Investigators cracked a $130 million money-laundering scheme by tracing the ringleader's air miles
▼ + stars: | 2024-01-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Read previewTracing a ringleader's frequent-flyer miles helped investigators crack an international money-laundering scheme, The Wall Street Journal reported. More than £104 million, or about $131 million, in cash was smuggled from London to Dubai in 83 trips, the UK's National Crime Agency said. AdvertisementThe NCA said Mehdi Amrollahbibiyouki checked in 12 suitcases containing £4.3 million over three trips to Dubai in February and March 2020. And Ali Al-Nawab took nine suitcases containing £3.2 million across two trips. AdvertisementAuthorities said the Emirates Skywards miles helped them trace the operation, the Journal reported.

Persons: —, Mehdi Amrollahbibiyouki, Ali Al, Abdullah Alfalasi, Ian Truby, NCA's, Al Organizations: Service, Street Journal, Business, Crime Agency, NCA, Emirates, Authorities Locations: London, Dubai, Amrollahbibiyouki, Al

☆ Microsoft brings Copilot AI assistant to small businesses and launches a premium tier for individuals
▼ + stars: | 2024-01-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft said on Tuesday that small businesses can now subscribe to its Copilot virtual assistant in the company's productivity apps. And consumers who pay for the Microsoft 365 software can sign up for a new paid version of Copilot. But those who pay for Microsoft 365 Personal and Family subscriptions haven't been able to use it in Word, Excel, Outlook and other apps. Those with Copilot Pro receive "priority access to the very latest models — starting today with OpenAI's GPT-4 Turbo," Mehdi wrote. "Whether you need advanced help with writing, coding, designing, researching or learning, Copilot Pro brings greater performance, productivity and creativity," Mehdi wrote.

Persons: chatbot, Satya Nadella, Nadella, Yusuf Mehdi, Microsoft's, haven't, OpenAI's, Mehdi, Melius, Ben Reitzes Organizations: Microsoft, Investors, Google, Apple, Microsoft's Ignite, Windows, Bing, Copilot Locations: Seattle, copilot.microsoft.com

☆ Microsoft says a Copilot key is coming to keyboards on Windows PCs starting this month
▼ + stars: | 2024-01-04 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Microsoft on Thursday said keyboards on upcoming Windows PCs will feature a Copilot key for having text conversations with the software maker's virtual assistant. It's one of the most prominent additions to the Windows keyboard since the 1994 introduction of the Windows key for viewing the Start menu. Copilot in Windows taps artificial intelligence models from Microsoft-backed startup OpenAI, which operates its own popular ChatGPT chatbot. Microsoft has started delivering Copilot on PCs with Windows 10, the world's most popular operating system, and Windows 11. People can hold down the Windows key and push the C key to summon the Copilot.

Persons: Yusuf Mehdi, It's Organizations: Microsoft, Workers, Copilot, Windows Locations: Redmond , Washington

☆ Iran finalises deal to buy Russian fighter jets - Tasnim
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

A Russian Sukhoi Su-35S jet fighter performs a flight during the Aviadarts competition, as part of the International Army Games 2021, at the Dubrovichi range outside Ryazan, Russia August 27, 2021. REUTERS/Maxim Shemetov/File photo Acquire Licensing RightsDUBAI, Nov 28 (Reuters) - Iran has finalised arrangements for the delivery of Russian made Sukhoi su-35 fighter jets and helicopters, Iran's deputy defence minister told Iran's Tasnim news agency on Tuesday, as Tehran and Moscow forge closer military relations. Iran's air force has only a few dozen strike aircraft, including Russian jets as well as ageing U.S. models acquired before the 1979 Islamic Revolution. "Plans have been finalised for Sukhoi Su-35 fighter jets, Mil Mi-28 attack helicopters, and Yak-130 jet trainers to join the combat units of Iran's Army," Iran's deputy Defence Minister Mehdi Farahi said. In 2018, Iran said it had started production of the locally-designed Kowsar fighter for use in its air force.

Persons: Sukhoi Su, Maxim, Iran's, Mehdi Farahi, Elwely, Parisa Hafezi, Alison Williams, Ed Osmond Organizations: International Army, REUTERS, Rights, Sukhoi, Iran's Army, Thomson Locations: Sukhoi, Ryazan, Russia, Rights DUBAI, Iran, Tehran, Moscow, United States

☆ Muslims in shock over anti-Islam party's Dutch poll win
▼ + stars: | 2023-11-23 | by ( Bart H. Meijer | ) www.reuters.com time to read: +2 min

[1/4] People walk past shops in Kanaleneiland, an immigrant-dominated area of the central Dutch city of Utrecht, Netherlands November 23, 2023. REUTERS/Piroschka van de Wouw Acquire Licensing RightsTHE HAGUE, Nov 23 (Reuters) - Dutch Muslims expressed shock on Thursday at the election win of far-right populist Geert Wilders, who has previously called for mosques and the Koran to be banned in the Netherlands. "These election results are shocking for Dutch Muslims. Muslims make up around 5% of he Dutch population of almost 18 million people. After his surprise win, Wilders said he wanted to be prime minister for all Dutch people, but that appeared to do little to assuage concerns about what he might do later.

Persons: de Wouw, Geert Wilders, Wilders, Mark Rutte's, Muhsin Koktas, Mehdi Koc, Taheri, Koc, Kemal Yildiz, Yildiz, Stephanie van den Berg, Bart Meijer, Alexander Smith Organizations: REUTERS, HAGUE, Freedom Party, Labour, The Hague, Reuters, Thomson Locations: Kanaleneiland, Dutch, Utrecht, Netherlands, The

☆ Qevlar wants to cut out human vulnerability in cybersecurity using AI. It just raised $5 million with this 10-slide pitch deck.
▼ + stars: | 2023-11-16 | by ( Callum Burroughs | ) www.businessinsider.com time to read: 1 min

Qevlar, a cybersecurity startup, has raised $5 million in seed funding. The Paris-based company uses AI to help identify and manage security risks. Qevlar, an AI-powered cybersecurity startup, has raised $5 million in seed funding. The Paris-based company enables businesses to integrate the Qevlar platform, which then constantly monitors operations, helping identify and monitor security risks in the process. The startup aims to address issues including the alert fatigue faced by security teams and skills shortages in the sector.

Persons: DeepMind's Mehdi Ghissassi Organizations: EQT Ventures, Business Locations: Paris

☆ Check out the pitch decks AI startups Viso, Weav.ai, Dashtoon, and Frenetic used to raise a collective $31.2 million
▼ + stars: | 2023-11-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Four AI startups in the form of Weav.AI, Dashtoon, Frenetic, and Viso recently raised a combined $31.2 million in early-stage funding. All four startups, working in sectors ranging from computer vision to AI-driven illustration, shared their pitch decks with Insider. Viso raises round led by Spotify-backer AccelIn October, Swiss startup Viso secured $9.2 million from venture capital giant Accel. Developing computer vision applications is a timely and complex task, and scaling this technology usually "requires significant infrastructure," the startup said. Its platform allows clients — from construction companies to logistics enterprises and city councils — to manage and deploy these computer vision tools from one workspace.

Persons: Viso, DeepMind's Mehdi Ghissassi, Gaudenz Boesch, Slack, Mehdi Ghissassi, Mihai Faur Organizations: Accel, Sierra Ventures, Business, Spotify Locations: Swiss, —

☆ Morocco call up Nice midfielder Diop for World Cup qualifiers
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - Former France under-21 international Sofiane Diop has accepted a first call-up from Morocco for the start of their 2026 World Cup qualification campaign this month, coach Walid Regragui confirmed on Thursday. Nice midfielder Diop, 23, was born in France but is also eligible for Morocco, who reached the semi-finals of the World Cup in Qatar and recently recruited another French youth international in Bayer Leverkusen winger Amine Adli. "He (Diop) is a player who could have chosen other countries also. Morocco are scheduled to host Eritrea next Thursday in their qualification opener and despite reports the latter could withdraw from the preliminaries, Regragui said they have received no confirmation from FIFA. The Atlas Lions will travel away to Tanzania on Nov. 21 for their second game.

Persons: Sofiane Diop, Walid Regragui, Diop, Regragui, Yassine Bounou, Munir El Kajoui, El Mehdi Benabid, Ghanem Saiss, Nayef Aguerd, Abdelkabir, Yunis, Achraf, Ayoub El, Noussair Mazraoui, Yahya Attiat Allah, Sofyan, Azzedine Ounahi, Yahya Jabrane, Ismael Saibari, Bilal El Khannouss, Amir Richardson, Hakim Ziyech, Youssef En, Tarik Tissoudali, Nick Said, Toby Davis Organizations: Bayer Leverkusen, FIFA, The Atlas Lions, Thomson Locations: France, Morocco, Qatar, Tanzania, Niger, Congo, Zambia, United States, Mexico, Canada

☆ Bill Ackman's 3,138-word letter to the president of Harvard shows he's not slowing down in his fight against antisemitism
▼ + stars: | 2023-11-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Bill Ackman sent a 3,138-word letter to the president of Harvard on November 4. On Saturday, Ackman took to X — the platform formerly known as Twitter — to share a 3,138-word letter he sent to Harvard President Claudine Gay. AdvertisementAdvertisementIn the letter, Ackman outlined a seven-step plan that he says Harvard can take to reduce antisemitism on campus. Please see my below letter to the President of Harvard University sent today:November 4, 2023Dear President Gay,I am writing this letter to you regretfully. "I would be delighted to help in any way that I can to enable you to succeed in this mission and as Harvard's president.

Persons: Bill Ackman, Ackman, —, Bill Ackman isn't, X, Claudine Gay, Gay, …, Israel, wouldn't, Nikki Haley, MSNBC's Mehdi Hasan, Hasan, Winston, Strawn, he's Organizations: Harvard, Service, Israel, Harvard Business School, Palestine, Harvard University, Hamas, GOP, New York University, Ackman Locations: Israel

The fortified necropolis and surrounding settlements were built near the Atlantic Ocean along the banks of the Bou Regreg river. The main excavation site has been closed for renovations since the pandemic and archaeologists have worked on expanding it since March. The footprint — including the extended site presented on Friday — is larger than that of Volubilis, widely visited ruins 111 miles (179 kilometers) east of Rabat. El Khayari and his team of archaeologists said the new discoveries further from the center of Chellah have never been subject to study. We are aiming for 1 million by developing this site, bringing it to life, setting up marketing, communications and everything.”

Persons: Abdelaziz El Khayari, El Khayari, —, Mehdi Ben Said, Ben Said, ” Organizations: —, Morocco’s National, of Archaeological Sciences, Heritage, UNESCO Locations: RABAT, Morocco, Bou, Rabat

☆ Goldman Sachs just promoted 608 employees to the coveted role of managing directors. See the full list here.
▼ + stars: | 2023-11-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.

Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, Merry Matheus, Jared Dickow Alex Doell Mao Dong Praneil Doolabh Daniel Dooling Michelle Dorea Szymon Doroz Jacqueline Du Benjamin Duell Kelsey Dumont Julie Duval Todd Ebe Dayo, Jeremy Eisenstein Chris Elmore Ryan Erickson Joaquin Escribano Larry Estrada Pavel Fadeev Will Fairbourn Jeremy Falgiani Fabio Federici Wenlong Fei David Felman Sophia Ferguson Zach Fernandez David Fernandez Miguez Scott, William Fio Rito Duffy Fischer Lisa Florentine Akshay Fomra Janice Foo Nicholas Forbat Elie Franko Georgina Fraser Jason Freeman Nicole Freeman Oliver Friedberg Gavriel Friedland Ross Fuller Angela Fung Greg Furness Nikhil Gadodia Stefano Gamba Amit Singh Gambhir Javier Gandara Giorgio Gandola Amit Gangrade Sudha Garimella Mima Garland Mingmin Ge Graziano Gemma Shefali Gera Constance Germain Brad Gifford Benjamin Giles Abbas Ginwala Marlene Giorgio Thomas Giovachini Zachary Glasser Guillaume Gnech Harley Golding Yuriy Goldman Jesse Goldstein Roy Golender Sharon Gonnella Alejandro Gonzalez Steven Gooden Jessie Gould Varun, George Graf von Waldersee Florian Granier Jamie Greenberg Brian Grzelakowski Alessandro Guicciardi Michael Guiliano Samuel Guinness Bivash Gunpath Deepa Gupta Parikshit Gupta Lauren Gutierrez Johannes Hahn Chris Hallam Alex Halpern Christina Halpin Michael Hamilton Brooke Hammel Saki Hanioka John Hanson Mathew Harris Ally Hart Amy Harwood Tom, Emily Hashimoto Rob Haslam Michael Heino Brandon Herde Sarah Higgins Camilla Hill Spencer Hill Sho, Cecilia Ho Jonathan Ho Bryan Hoffman Kevin Hoffmeyer Eliza Hollyday Simon Holmes Mehdi, Lily, Derek Hu Jennifer Hui Tim Huiszoon Camille Humbert Kurt Humes Kelley Hutchison Masayuki Ichioka Andrew Imber Calvin Isaac Jackson Isaacs Sharif Ismail Yu, Doug Michael Jaffa Nitin Jagga Rahul Jain, Jataprolu Fiona Jervis Yinpeng Jin Sandeep Jindal Jennifer Jochinger Steven Johnson David Johnstone Megan Jordan Nicolas Joseph Bob Kadel Jean Kam Harneet Kaur Vinay Kaura Peter Kelman Stephanie Kenary Maggie Keohan Humayun Khalid Sunil Khandelwal Scott Kilpatrick Jenny Kim Ashley King Joel Klaus Rene Klos Rossitsa, Michael Kondoleon Gregory Kontopoulos Larry Kornreich Shrivathsa Kota Konrad Krallmann Ken Kraska Alexander Kretzberg Bryant Krongard Simon Kubbies Adam Kulik Peter Kulka Ajeya Kumar Aditya Kurella Sara Lachapelle Raagini, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary LeDonne, Allison Lee Michael Lee Soohyun Lee Victoria Lewis Alice Li Qing Li George Lin Ali Lippert David Lipworth Bozhena Lisko, Murphy Mark Littlewood Zhenyi Liu Yelli Lobel Avinash Lobo Burke Loeffler Gabriela Lopez Cristian Lopez, Balboa Carlos Lopez Torrero Stephanie Louie Edward Lowe Reynolds Lowry Fei Luo Ranjan Luthra Sangeetha M Martin Ma Matthew Maciaszek Michael Magee Steffen Mahringer Poonam Majithia Terres Maloney Gopal Manchikanti Jade Mandel, Manfay Varun, Pierre Marboeuf Matt Margolin Thiago 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Shahnawaz Shahbaz Manoj Sharma Sachin Sharma Wazila, Gunduz Shirin Alex Silver Asmita Singh Kamalpreet Singh Andrew Sinnott Sapna, Dan Skinner Andrew Snow Stephanie Snyder Farouk Soussa Christopher Spahr Erik Sparks Matt Speltz Naveen Srinivasan Bhargav, Warren, Damian Steele Tobias Stein Catherine Stemp Dave Stringer Shekar Subramanian Jordan Sudy Philipp Suess Fatima Sultana Lu Sun Kumar Sundaram Fiona Syer Matthew Sykes Tofi, Filippo Taddei Sandhya Tadishetty Omer Tanvir Rita Taylor Zachary Tcheyan Brian Teague Wesley, Caitlin Terry Thomas Tesauro Hemal, Justin Therry Christine Thornburg Gregory Thysheril Angelo Tierno Alexander Tingle Ryan Townsend Cynthia Trillo Dimitris, Jessica Tung Jonathan Tung Ezgi, Zachary Upcheshaw Kiyomi, Nadine Urseanu Jim Vais Pim Valantagul Perrin Van Allen Annerieke van Dijk Jeroen van Dorp Dennis van Laer Todd van Stolk, Riley Jacqueline Vargas Alexander Vavalidis Edwin Velez Prasanna Venugopal Tim Verheyden Amanda Verstegen Ankit Vijay Vargiya Salvador Villanueva Arthur Villard Sichel Denzel Voesenek Bradley Wainwright Adam Walker Barbara Walters Omar Waly Daniel Wang Kenneth Wang Kristen Ward Gavin Warren Michael Washington Harry Webster Fredrik Weege Brian Weiss Thomas Weitz Nat Wells Joe Wenzel Tim Whitehead Henry Willans Matthew Williams Taylor Williams Katie Wilson Richard Wilson Stephanie Wisner Ilana Wolfe Jake Woodson Jeff Wu Qi Wu Jackson Yang Esma, Yoon Harm, John Zhai Jenny Zhang Lynn Zhang Raye Zhu Jane Zhuang Hans Zijlmans Carolyn Zimmer Samia Zitouni Mira Zorkot Organizations: Goldman, Wall, Carolina, Nick De Kock Ann de la Montaigne, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary Locations: Europe, Asia, India

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