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News Summary: Goldman Sachs names Schwartz new CFO

Associated Press Published: September 18, 2012
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STEPPING DOWN: Goldman Sachs Group Inc.'s Chief Financial Officer David Viniar is retiring after 32 years with bank, the last 12 as CFO. Harvey M. Schwartz will replace him at the end of January.

VETERAN EXEC: Schwartz served most recently as the global co-head of Goldman's securities division. He joined the firm as a vice president in 1997, became a managing director in 1999, and was named partner in 2002.

NEW ROLE: In his new role, Schwartz will have oversight of operations, technology and finance at the bank. He will also serve as co-head of the Firmwide Risk Committee.