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Jon Winkelried to Retire as President and Co-Chief Operating Officer of Goldman Sachs

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^{Published in Business and Finance on Tuesday, February 17th 2009 at 13:37 GMT, Last Modified on 2009-02-17 13:37:57 by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--The Goldman Sachs Group, Inc. (NYSE:GS) today announced that Jon Winkelried, the firm's President and Co-Chief Operating Officer and a member of its Board of Directors, would be retiring effective March 31, 2009. Mr. Winkelried has been with the firm since 1982 and served as President and Co-Chief Operating Officer and a director since June 2006. Prior to that, he served in many roles, including as co-head of our Investment Banking division and co-head of our Fixed Income, Currency and Commodities business. He will continue to be affiliated with the firm as a senior director.

"Jon has had a distinguished 26-year career at the firm and has played a key role in helping to establish and build many of our global franchises," said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc. "He has helped to develop the firm's global strategy as an advisor, financier and co-investor and mentored many of Goldman Sachs' leaders. We thank him for his exceptional contributions to the firm and look forward to continuing to receive his advice and counsel as a senior director of the firm."

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.