The bank did not give a gender or racial breakdown for its largest partner class since 2010. That doesn’t necessarily mean it’s shelving diversity; it may be staying purposefully quiet.

If observers need proof that, despite Tuesday’s election results, the banking sector still must be mindful of the White House’ current occupant, they should look no further than Goldman Sachs’ biannual partner announcement.

The bank named 109 new partners Thursday, its largest class since 2010. But the announcement featured no statistical breakdown of how many women were promoted. Or what proportion of new partners are Black, Asian, Hispanic or otherwise.

Such metrics were typically highlighted – even in 2024, when Goldman announced its previous partner class two days after President Donald Trump was reelected.

For the record, that class – among its 95 partners – featured 26 women, 17 Asians, six with a Hispanic or Latinx background, four Black people and three veterans, according to the bank.

This year, observers are left to guess, if it matters to them. Bloomberg estimated Thursday that less than 20% of the new class are women, the lowest proportion since 2014. By comparison, the 26 women named partner in 2024 accounted for 27% of the class.

“We’ve made meaningful progress over the past few years, and we remain focused on ensuring all our exceptional talent has the opportunity to achieve at the highest levels,” Goldman spokesperson Tony Fratto told Bloomberg. “Since David became CEO, the percentage of women in the partnership has increased 30%.

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