Key Takeaways
- • Goldman Sachs promotes Carey Halio, a 24-year veteran, to global treasurer effective June 1, replacing Philip Berlinski who is departing after 25+ years at the firm.
- • Halio joins Goldman's management committee and will oversee the firm's $1.6 trillion balance sheet, liquidity, and capital management, reporting directly to CFO Denis Coleman.
- • Berlinski is joining Millennium Management, a $63 billion hedge fund, as co-COO later in 2024, reporting to the fund's president and COO Ajay Nagpal.
- • The promotion addresses ongoing scrutiny of Goldman's female representation in senior leadership, continuing CEO David Solomon's stated priority since 2018 to advance women into top roles.
- • Halio's 24-year tenure spans multiple divisions including credit risk, and she most recently served as chief strategy officer and global head of investor relations.
Summary
Goldman Sachs has promoted Carey Halio to the position of global treasurer, effective June 1, 2024, replacing Philip Berlinski who is leaving the firm. Halio, who joined Goldman in 2000, brings more than two decades of experience across multiple business divisions and will be appointed to the bank's management committee. In her new role, she will oversee management of Goldman's $1.6 trillion balance sheet alongside the firm's liquidity and capital positioning, reporting to CFO Denis Coleman.
Halio's career at Goldman includes early roles in credit risk management, culminating in her appointment as a partner in 2016. Most recently, she served as chief strategy officer and global head of investor relations, positions that CEO David Solomon cited as evidence of her broad experience across the organization. "As a tenured leader of the firm, with experience working in several of our divisions and partnering with leaders across the organization to drive our strategic priorities forward, Carey will bring important expertise and perspectives to her new role," Solomon stated in an internal memo.
Berlinski, whose departure Halio replaces, spent more than 25 years at Goldman Sachs, joining the firm as an analyst in equity derivatives research in 1998. He achieved partner status in 2008 and most recently held the dual titles of global treasurer and CEO of Goldman Sachs Bank USA. Berlinski is joining Millennium Management, a New York-based hedge fund with approximately $63 billion in assets under management, later in 2024 as co-chief operating officer. He will report to Ajay Nagpal, Millennium's president and COO.
The promotion comes at a time when Goldman Sachs faces continued scrutiny regarding female representation in senior leadership roles. David Solomon, who became CEO in late 2018, has publicly committed to advancing women into top positions at the firm. Halio's elevation to management committee status represents a continuation of this stated strategic priority and follows other recent senior appointments of women to leadership ranks at the bank.
Halio's career at Goldman includes early roles in credit risk management, culminating in her appointment as a partner in 2016. Most recently, she served as chief strategy officer and global head of investor relations, positions that CEO David Solomon cited as evidence of her broad experience across the organization. "As a tenured leader of the firm, with experience working in several of our divisions and partnering with leaders across the organization to drive our strategic priorities forward, Carey will bring important expertise and perspectives to her new role," Solomon stated in an internal memo.
Berlinski, whose departure Halio replaces, spent more than 25 years at Goldman Sachs, joining the firm as an analyst in equity derivatives research in 1998. He achieved partner status in 2008 and most recently held the dual titles of global treasurer and CEO of Goldman Sachs Bank USA. Berlinski is joining Millennium Management, a New York-based hedge fund with approximately $63 billion in assets under management, later in 2024 as co-chief operating officer. He will report to Ajay Nagpal, Millennium's president and COO.
The promotion comes at a time when Goldman Sachs faces continued scrutiny regarding female representation in senior leadership roles. David Solomon, who became CEO in late 2018, has publicly committed to advancing women into top positions at the firm. Halio's elevation to management committee status represents a continuation of this stated strategic priority and follows other recent senior appointments of women to leadership ranks at the bank.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.