The firm has made senior appointments in northern and southern California.

Goldman Sachs has hired two regional heads to run its private wealth management businesses in San Francisco and Los Angeles.

Simon Osborn is appointed region head for its PWM operation in Los Angeles, while Katie Hyde has been named for the equivalent role in San Francisco. (This publication has contacted Goldmans to establish if these are newly-minted roles or replacements; the firm may update in due course.)

Osborn has more than 20 years of experience working with Goldman Sachs clients across the US and Europe; he joined the US investment banking and wealth group in 1996 and moved to Los Angeles in 2015. He earned an Executive MBA in Finance from the Cass Business School at City University London and currently serves on the Board of Directors of LA’s Promise Fund and the LA Board of Positive Coaching Alliance. 

Hyde has been with Goldman Sachs since 2005 and has advised clients in the San Francisco, New York, and Los Angeles regions. She received her BA with Honors from the University of California, Los Angeles with a double major in Business Economics and Art History. Katie currently serves as a Trustee for the Bay Area Discovery Museum.

Among recent hires, one eye-catching move was that of Justin Tuck, named a few days ago as a vice president in its private wealth management division. Tuck is a former NFL defensive end, who spent eight years at the New York Giants, and the last few years of his career at the Oakland Raiders.

In April, Goldman Sachs promoted a Los Angeles, California-based executive to head of its private wealth management operation across the US and Latin America: John Mallory. He remained in LA.
will drive growth and business expansion across 14 offices, while continuing to oversee private wealth management institutional client business. 

Goldman Sachs’ wealth unit oversees around $1.5 trillion in assets. Earlier in April, the firm reported net revenues in investment management of $1.77 billion for the first quarter of 2018, 18 per cent higher than the first quarter of 2017 and 6 per cent higher than the fourth quarter of 2017. 

As previously reported, the chief executive of Goldman Sachs, Lloyd Blankfein, is preparing to step down from the role he has held for 12 years.