Goldman Sachs' cohead of investment banking is leaving. Here's everything that's been going on inside the powerhouse Wall Street bank.

Getty ImagesGoldman Sachs CEO David Solomon.

Goldman Sachs has been going through some massive changes under CEO David Solomon.

It’s taken big steps involving transparency and inclusion to change up its culture. After its first-ever investor day in early 2020, the firm is looking to execute on targets including multi-year cost-cutting plans. And it’s making big pushes into businesses like wealth management and consumer banking.

Solomon has also been interested in reducing the number of partners at the firm in order to make the status more elite and exclusive, awarding partnership to rainmakers as opposed to back-office executives in HR or operations. In 2018, there were 484 partners. But as last week’s announcement of the newest partner additions, Goldman’s total partners amounted to fewer than 440.

Meanwhile, the upper echelons of one of Goldman Sachs’ most prestigious businesses, its investment banking division, are about to undergo a big leadership transition.

Here’s everything you need to know:

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