Goldman’s CFO to Step Down in January
A highly influential executive at Goldman Sachs, David Viniar, the chief financial officer (CFO), will retire at the end of January 2013 after 32 years with the firm and will be replaced by Harvey M. Schwartz, the global co-head of the Securities Division, officials say.
By the time he retires, Viniar will have served for 12 years as CFO—an accomplishment that makes him “the longest serving Chief Financial Officer of a major financial institution on Wall Street,” say Goldman Sachs officials.
After retirement, Viniar will join the board of directors as a non-independent director; the firm intends to appoint more independent directors to its board in the near term.
“We are pleased that Harvey will become our new CFO,” says Lloyd C. Blankfein, chairman and CEO of Goldman Sachs in a prepared statement. “He has deep experience in credit, liquidity, market and operational risk.”
Blankfein says that Viniar helped develop “many of our most important risk management processes to attracting and mentoring generations of professionals to helping the firm manage through the financial crisis.”
Schwartz will take on Viniar’s responsibilities, including oversight of operations, technology and finance and as co-head of the Firmwide Risk Committee, according to officials. He joined Goldman Sachs as a vice president in 1997, became a managing director in 1999, and was named partner in 2002. He is on the management committee, was a member of the business standards committee and serves as co-chair of the steering committee on regulatory reform.
Before his role as global co-head of the securities division, Schwartz was global head of securities division sales, overseeing the division’s relationships with clients including corporations, asset managers and institutions. Prior to that, he was co-head of the Americas Financing Group which centralizes financing-related advice, origination and execution for clients within investment banking.
Viniar joined Goldman Sachs in 1980 in the investment banking division. By 1992, he was named a partner and was responsible for the firm’s financing activities in the treasury department; he became responsible for the controllers department in 1994, officials say. He was deputy CFO from 1998 until 1999.
Newedge Also Changes CFOs
Ghislaine Mattlinger,
CFO,
Newedge Executive Committee
Newedge, a multi-asset brokerage and clearing services provider, has appointed Ghislaine Mattlinger as group Chief Financial Officer (CFO) and member of the Newedge Executive Committee, according to officials. Mattlinger replaces Isabelle Fandard, who will remain at Newedge in a strategic role.
Mattlinger, who will be based in Newedge’s Paris office, joins from Natixis Global Asset Management, where she served as CFO and a member of its executive committee. At Newedge, Mattlinger will oversee finance functions globally and will report directly to Francoise Guillaume, the firm’s chief operating officer (COO) and deputy CEO. Before Natixis, Mattlinger was CFO of Poweo, PagesJaunes Groupe and Viel Tradition Group.
Newedge is a joint venture formed by Société Générale and Crédit Agricole CIB, which combines the resources of the Calyon Financial and Fimat brokerage firms.
Due Diligence Provider Opens San Francisco Office
Corgentum Consulting, a provider of hedge fund operational due diligence reviews, has opened an office in San Francisco to serve a growing demand among West Coast-based investors including endowments, investment consultants, family offices and fund of hedge funds, officials say.
Corgentum officials add that they have also seen an increase in demand from investors for operational due diligence assessments of private equity and real estate funds.
“Being closer to Asia, will allow us to further expand upon our existing Asia-based investor relationships,” says Jason Scharfman, managing partner of Corgentum Consulting, in a prepared statement. Corgentum is headquartered in Jersey City, N.J.
FiberMedia Adds to Board of Directors
FiberMedia Group, a data center services provider, has added industry veteran Keith Olsen, the former president and CEO of Switch and Data Facilities Company, Inc., to its board of directors. FiberMedia officials say Olsen will play “an instrumental role in strategy setting and growth execution” while on the board.
“His role with FiberMedia is focused on expansion—organically as well as through mergers and acquisitions,” says Michael Bucheit, CEO of FiberMedia Group, in a prepared statement.
At Switch and Data, Olsen led that company’s initial public offering in 2007 and was at the helm when Equinix acquired the company in 2010. Before Switch and Data, Olsen served as a vice president of AT&T’s Advanced Business Services Division, vice president of global sales, marketing and operations at Graphnet, Inc., a provider of integrated applications and communication services.
A privately held company, FiberMedia operates six data centers that comprise approximately 140,000 square feet of space. Five of the data centers are located throughout the New York region—Secaucus and Jersey City, N.J.; Westchester N.Y.; Manhattan and Brooklyn, officials say. FiberMedia offers managed IT services that include device management, monitoring, storage, back-up and cloud infrastructure as a service (IaaS). It also offers disaster recovery and business continuity solutions and customized office space.
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