Dive Brief:

• Goldman Sachs named Carey Halio, its chief strategy officer and global head of investor relations, as its next treasurer, effective June 1, the bank announced in a Thursday memo seen by Banking Dive. 
• Halio succeeds Philip Berlinski, who is leaving Goldman Sachs to become co-chief operating officer at New York City-based hedge fund Millennium Management, according to the Financial Times.
• Berlinski becomes the latest Goldman veteran with 20 years of experience or more at the bank to leave within the past 12 months, following Stephanie Cohen, Beth Hammack, Jim Esposito and Julian Salisbury, among others.

Dive Insight:

In elevating Halio, Goldman adds a woman to a C-suite that boasts Chief Legal Officer Kathryn Ruemmler and Chief Accounting Officer Sheara Fredman. Halio’s appointment, though, comes during a year when the bank lost its only two women in charge of revenue-generating units, Cohen and Hammack.

“As a tenured leader of the firm with experience working in several of our divisions and partnering with leaders across the organization to drive our strategic priorities forward, Carey will bring important expertise and perspectives to her new role,” Goldman CEO David Solomon wrote in Thursday’s memo.

Halio will report to CFO Denis Coleman, and will also become a member of Goldman’s management committee, according to the memo.

As treasurer, Halio will work with all of Goldman’s divisions to manage the company’s liquidity, balance sheet and capital, and focus on funding its global businesses and maintaining relationships with external stakeholders, the memo indicated. She will also continue to oversee Goldman’s firmwide strategy team on an interim basis.

Halio previously served as CEO of Goldman Sachs Bank USA and deputy treasurer. Her career at Goldman began in 1999, as a summer associate in credit risk in New York City. She rejoined the firm in 2000 in that same group, according to the bank’s website. She was named managing director in 2009 and partner in 2016.

In addition to serving as treasurer, Berlinski was CEO of Goldman Sachs Bank USA. He also was interim head or co-head of Goldman's Platform Solutions unit in Cohen’s absence.

Prior to those roles, he was chief operating officer of global equities, according to the bank’s website. Berlinski joined Goldman in 1998, as an analyst in equity derivatives research. He was named a managing director in 2007 and partner in 2008. His total compensation jumped 30% last year, to $13 million, according to Goldman’s most recent proxy filing. 

John Manzi, the current CFO of Goldman Sachs Bank USA, will succeed Berlinski as chief of that unit, pending approval by the bank’s board, according to a memo seen by Banking Dive.

Jehan Ilahi, the head of Goldman Sachs' equity investor relations efforts, will succeed Halio as head of investor relations, according to a memo.