Stephanie Cohen, head of Goldman Sachs Group Inc.’s Platform Solutions fintech unit, told employees in a memo reviewed by Reuters that she was taking a family leave.
“The past year has brought some challenges for my family,” Cohen said in the memo. “While I have done my best to balance the important work we do here with my life at home, I have made the decision that taking some time away from work to focus on my family is the best choice.”
Philip Berlinski and Ericka Leslie will replace Cohen.
Cohen is Goldman’s sole female executive. She co-headed its consumer and wealth management division and was chief strategy officer after rising in investment banking.
Cohen joined Goldman Sachs as an analyst in 1999, became managing director in 2008, and partner in 2014.
Last year, Goldman created Platform Solutions to house its credit card partnerships, transaction banking, and GreenSky, a home improvement loan platform it bought for $2.2 billion in late 2021.
John Waldron, Goldman Sachs’ president, and COO, notified investors last Monday that the business may write down the $500 million of goodwill it paid above the assets’ book value.
