Goldman Sachs Group Inc is expected to name David Solomon as its next chief executive officer early this week, the New York Times reported here on Sunday.
The announcement, which will formally establish Goldman’s President Solomon as the successor to Lloyd Blankfein, could me made as soon as Monday, the newspaper reported citing sources.
Blankfein expected Solomon to succeed him when he decides to leave, he told CNBC earlier this year.
The Wall Street Journal reported in March that Blankfein could step down as chief executive as soon as the end of the year.
Blankfein, who is one of the longest-serving CEOs on Wall Street, will stay on for an interim period, the New York Times report said.
Goldman Sachs was not immediately available to comment on the matter outside regular business hours, Reuters reported.
Solomon, who joined the investment bank as a partner in 1999, currently serves as the president and chief operating officer of the company.