Goldman Sachs Group Inc. named Nicole Pullen Ross as regional head of the bank’s private wealth-management arm in New York.
Ross, 48, joins the New York division from her current role as head of the Mid-Atlantic region, where she has overseen offices in Philadelphia and Washington since 2011.
It will be a homecoming of sorts for Ross, who started with Goldman in 1998 and worked as a wealth adviser in the New York office for 13 years.
She succeeds Gary Giglio, 53, who’s stepping down July 1, the company said Tuesday.
Giglio, a 26-year veteran of the firm, has led the New York division since 2007. He’s leaving to focus on charitable causes, including LGBTQ and veterans’ issues, the bank said.
Goldman has more than $500 billion in assets under supervision. Chief Executive Officer David Solomon has sought to boost the share of revenue coming from wealth management as he tries to diversify away from trading.
Ross becomes one of the bank’s highest-profile black female executives at a time when racial injustice is taking center stage in the national conversation.
The U.S. has been roiled by a week of protests following the death of George Floyd while in police custody in Minneapolis.
In two decades of wealth advising, Ross said she’s seen shifts in the diversity of clientele, which has traditionally been older, white and male.