Goldman Partners Reveal What Keeps Them Awake at Night

Bassyonni

ago 8 hours

Goldman Partners Reveal What Keeps Them Awake at Night

Partners at Goldman Sachs face a myriad of concerns ranging from significant investments to unpredictable market changes. Among them, two leaders share a primary source of nighttime anxiety: the well-being of their teams.

Concerns Keeping Partners Awake at Night

Meena Lakdawala-Flynn’s Focus on Talent Retention

Meena Lakdawala-Flynn, co-head of Global Private Wealth Management, has dedicated over 25 years to Goldman Sachs. Since becoming a partner in 2014, she has emphasized the importance of retaining talent. “You’ve built talent, you’ve invested in talent,” she remarked. “To me, it’s about retaining people.”

With management oversight of private wealth advisors, Lakdawala-Flynn believes that stability is crucial for delivering effective business solutions. As of last year, Goldman Sachs operates 39 private wealth management offices worldwide.

Asahi Pompey’s Commitment to Opportunities

Asahi Pompey, who joined Goldman nearly two decades ago and became a partner in 2018, shares similar worries regarding personnel. She expressed concern for the careers of individuals under her supervision. “Are you doing the very best you can to amplify their talents?” Pompey asks herself. Her roles include overseeing programs like 10,000 Small Businesses and 10,000 Women, which aim to develop the firm’s talent.

Leadership Evolution and Challenges

Goldman Sachs is set to announce its next class of managing directors, an important transition within its leadership hierarchy. Recently, CEO David Solomon addressed concerns surrounding the exodus of female leaders and the overall representation of women in senior positions.

In recent years, criticism has been directed at the firm regarding diversity.
Solomon acknowledged progress but recognized that efforts must continue.

Details That Matter

Pompey is also mindful of the finer details in her role. “The more senior you get, you somehow don’t sweat the details,” she noted, emphasizing her commitment to managing the firm’s resources effectively for maximum impact.

The preoccupations of these partners highlight a growing recognition of the essential nature of talent management at Goldman Sachs. As they navigate the complexities of leadership, the focus remains on fostering an environment where individuals can thrive.