Goldman Sachs lost another partner as CEO David Solomon continues a cull of its high ranking execs

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Goldman Sachs lost another partner as CEO David Solomon continues a cull of its high ranking execs

Goldman Sachs CEO David Solomon.

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Goldman Sachs CEO David Solomon.

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  • Goldman Sachs executive Arun Dhar, a partner in the bank's equities division in London, has left the firm, according to a person familiar with the move.
  • Goldman's new CEO David Solomon has been trimming the pool of the bank's highest ranking execs.
  • Read more of our Goldman Sachs coverage here.

Goldman Sachs executive Arun Dhar, a partner in the bank's equities division in London, has left the firm, according to a person familiar with the move.

Dhar has been at the firm since 2010, according to his LinkedIn profile. His departure earlier this week was a surprise, the person said, because he had only made partner recently.

Goldman's new CEO David Solomon has been trimming the pool of the bank's highest ranking execs to keep an air of exclusivity around the "partner" title. The Wall Street bank has been offering buyouts to entice bankers to leave, Business Insider's Dakin Campbell has reported.

Securities-division cohead Marty Chavez and equities cochief Jeff Nedelman departed the bank earlier this month. Cochief information officer Elisha Wiesel and HR boss Dane Holmes have also left.

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Read more: Marty Chavez is retiring from Goldman Sachs. We chatted with him about the bank's tech transformation, why now is the right time for him to step down, and what he's planning next.

Being a Goldman partner has perks aside form the prestige - a roughly $1 million base salary and a bonus that might be a few times that. About 69 new Goldman partners were minted at the start of the year, and the bank currently has about 450 partners.

"The CEO has been pushing to refocus the partnership on revenue producers and make it more exclusive after years when, he believes, it ballooned under his predecessor Lloyd Blankfein," Business Insider reported on September 16.

Goldman Sachs declined to comment.

Get the latest Goldman Sachs stock price here.

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