• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns

2

Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access

3

U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim

1

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns

2

Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access

3

U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
FinanceGoldman Sachs Group

Goldman’s Jim Esposito to retire after nearly 3 decades: ‘Sometimes you have to pause to acknowledge the chapters you’ve written’

Luisa Beltran
By
Luisa Beltran
Luisa Beltran
Finance Reporter
Down Arrow Button Icon
Luisa Beltran
By
Luisa Beltran
Luisa Beltran
Finance Reporter
Down Arrow Button Icon
January 31, 2024, 12:43 PM ET
Jim Esposito speaking at conference.
Jim Esposito is set to leave Goldman Sachs.Brendan McDermid—Reuters

Calls for Goldman Sachs CEO David Solomon to leave may have died down, but that’s not stopping executives from departing the storied investment bank.

The latest is Jim Esposito, co-head of banking and markets, who’s set to leave the firm after nearly 30 years. Esposito joined in 1995 as a salesperson for emerging markets debt. In 2002, he was named a managing director and in 2006 was made partner, according to his official bio.

In a Monday post on LinkedIn, Esposito wrote that he’d been consumed with a feeling of “merely going through the motions,” which isn’t in his DNA or what made Goldman so special. “No formal plans for what comes next, which feels like the ultimate luxury after going full out for decades. Standing at a crossroads, sometimes you have to pause to acknowledge the chapters you’ve written.”

Esposito played an important role in bringing together Goldman’s global markets and investment banking franchises to form its global banking and markets business, Solomon wrote in a memo to employees seen by Fortune. “No matter the role, Jim has dedicated himself to our business with a keen focus on serving our clients, promoting effective risk management and enhancing the culture of the firm,” Solomon wrote.

Partners leaving Goldman isn’t new. Executives typically move on when they are asked to, retire, or find something new. For example, Chris Kojima has joined the private equity firm General Atlantic as global head of capital solutions, according to a statement on Monday. GA is looking to be the latest PE firm to list its shares and has confidentially filed to go public, Bloomberg reported in December. Kojima spent nearly 29 years at Goldman, where most recently he was a partner and global co-head of the client solutions group. Julian Salisbury, who was named CIO of Goldman’s asset and wealth management division in a 2022 reorganization, officially started at Sixth Street this month. His departure from Goldman was announced in July.

Esposito, after leaving his current position, will become a senior director, the memo said. His retirement is expected in the next few months, a person familiar with the situation said.

One former Goldman executive told Fortune he wasn’t surprised that Esposito decided to walk away after realizing Solomon wouldn’t be leaving anytime soon. Esposito aspired to be president or CEO of Goldman, the Wall Street Journal reported Monday.

Solomon came under intense criticism last year for his prickly leadership style, for Goldman’s push into consumer banking that resulted in the sale of GreenSky, and for his side gig as a DJ. (Solomon is no longer pursuing this hobby.) Some partners complained about Goldman’s troubles, including former CEO Lloyd Blankfein, raising questions about the bank’s leadership, the New York Times reported in August.

That died down when Adebayo “Bayo” Ogunlesi, the founder, chairman, and CEO of Global Infrastructure Partners and the lead director of Goldman’s board, came to Solomon’s defense. Ogunlesi told Mike Mayo, a Wells Fargo equity analyst, in the fall of 2023 that Solomon had the backing of Goldman’s board. In a Sept. 18 research note, Mayo wrote, in part: “Our meeting with the board’s lead director leads us to conclude that the CEO will stay in his role for at least the medium term.” (Ogunlesi is expected to leave the GS board once BlackRock closes its $12.5 billion acquisition of GIP.)

Solomon should be safe for now, said the former Goldman exec who spoke to Fortune. It certainly doesn’t hurt that Goldman’s recent earnings report surpassed Wall Street estimates. The firm reported that fourth-quarter profit rose 51% to $2.01 billion compared with a year earlier, while diluted earnings per share jumped 65% to $5.48, according to a statement. Quarterly net revenue rose 7% to $11.3 billion.

Goldman Sachs shares since early January 2023 are up about 12%, compared with rival Morgan Stanley gaining just 2% over that same span.

About the Author
Luisa Beltran
By Luisa BeltranFinance Reporter
LinkedIn icon

Luisa Beltran is a former finance reporter at Fortune where she covers private equity, Wall Street, and fintech M&A.

See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

U.S.’s screwworm fix is still a year away, risking more spread
North AmericaAgriculture
U.S.’s screwworm fix is still a year away, risking more spread
By Ilena Peng and BloombergJune 13, 2026
4 hours ago
The hottest debate on Wall Street right now: Does the flood of mega-IPOs and new shares signal a downturn ahead? That depends
InvestingIPOs
The hottest debate on Wall Street right now: Does the flood of mega-IPOs and new shares signal a downturn ahead? That depends
By Jason MaJune 13, 2026
4 hours ago
You can ignore AI giants like SpaceX, but your 401(k) won’t
Investingindex funds
You can ignore AI giants like SpaceX, but your 401(k) won’t
By Stan Choe and The Associated PressJune 13, 2026
6 hours ago
Trump says he’ll sign deal with Iran to reopen Hormuz Sunday
PoliticsIran
Trump says he’ll sign deal with Iran to reopen Hormuz Sunday
By Arsalan Shahla, Maria Paula Mijares Torres and BloombergJune 13, 2026
9 hours ago
A deal to the end the U.S.-Iran war could be finalized within 24 hours. Tehran wants to charge ships crossing Hormuz ‘for services rendered’
Middle EastIran
A deal to the end the U.S.-Iran war could be finalized within 24 hours. Tehran wants to charge ships crossing Hormuz ‘for services rendered’
By The Associated PressJune 13, 2026
13 hours ago
ravi
CommentaryWeather and forecasting
I spent 8 years flood-proofing a city. Capital markets are running out of time to take El Niño seriously
By Ravi S. BhallaJune 13, 2026
15 hours ago

Most Popular

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
Real Estate
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
By Sydney LakeJune 13, 2026
18 hours ago
Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access
AI
Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access
By Jeremy KahnJune 13, 2026
23 hours ago
U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
Energy
U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
By Jordan BlumJune 12, 2026
1 day ago
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
By Catherina GioinoJune 9, 2026
5 days ago
Current price of oil as of June 12, 2026
Personal Finance
Current price of oil as of June 12, 2026
By Joseph HostetlerJune 12, 2026
2 days ago
SpaceX CFO Bret Johnsen quietly engineered its historic IPO and became an overnight billionaire
C-Suite
SpaceX CFO Bret Johnsen quietly engineered its historic IPO and became an overnight billionaire
By Sasha RogelbergJune 13, 2026
19 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.