Goldman Taps New Head of San Francisco Private Wealth Management
Goldman Sachs’ San Francisco private wealth management division has a new regional director, ThinkAdvisor reports.
Katie Hyde is replacing Joseph Camarda, who’s been the regional chief for the past seven years, according to the publication. Hyde has served as a financial advisor to clients in San Francisco, Los Angeles and New York areas, ThinkAdvisor writes. She began her career in the industry at Goldman Sachs in 2006, according to her BrokerCheck profile.
“Given the importance of the Bay Area and Silicon Valley to our ambitious plans for growth, we are thrilled to name Katie as region head of our San Francisco office” said John Mallory, head of Americas private wealth management for Goldman Sachs. “Katie knows our clients well, plays an active role in the community, and will be a fantastic leader in serving clients in the region.”
Camarda will now serve as a private wealth advisor, ThinkAdvisor writes. He has been with Goldman Sachs for the entirety of his 35-year career in the financial services industry, according to his BrokerCheck profile.
The company’s private wealth management unit caters to ultra high net worth clients, foundations and endowments from 13 regional offices across the Americas, according to ThinkAdvisor.
Earlier this year, Goldman Sachs CEO Lloyd Blankfein said the firm plans to grow its wealth management division to around 900 advisors, a 30% increase.