Goldman Sachs is replacing chief executive Lloyd Blankfein with a 56-year-old banker who moonlights as a DJ at clubs across the world.
David Solomon, otherwise known as DJ D-Sol, is to succeed Blankfein, 63, a Wall Street veteran of the financial crisis who is retiring as CEO of Goldman Sachs after 12 years at the helm of the investment bank.
Solomon, who was paid nearly $17 million in 2017, is a long-time Goldman executive who has been considered Blankfein’s chosen successor since earlier this year.
Chief operating officer of Goldman Sachs David Solomon, above, is to succeed Lloyd Blankfein as CEO and chairman
He will begin his new role as CEO on October 1 and become chairman of Goldman in 2019.
Solomon’s double life has seen him photographed with musicians such as Sean ‘Diddy’ Combs, as the banker is known for his love of parties and is into electronic dance music.
He has performed at events in Miami, the Bahamas and Los Angeles, and believes in a healthy work-life balance.