- David Solomon will replace Lloyd Blankfein as CEO of Goldman Sachs as of October 1, 2018.
- He's fulfilled the role of co-chairman and co-chief operating officer of Goldman Sachs since 2016.
- The 56-year-old banker has already made a name for himself with his progressive ideas and an unusual hobby.
David Solomon doesn't quite fit the image of a typical investment banker.
Co-chair and co-chief operating officer at Goldman Sachs since 2016, he was chosen to succeed Lloyd Blankfein, who has headed the institution for 12 years.
As of October 1, 2018, Solomon will replace Blankfein as CEO and will later become the chairman of the group in 2019.
In the face Wall Street traders losing influence, Solomon is among those in favour of diversifying activities within Goldman Sachs, and looking developing products accessible to the general public such as household credit.
Here are four things you may not have known about him.
Solomon invited Goldman Sachs' executives to 'be vulnerable'
According to a report by CNBC, Solomon said that "leaders today have to be more vulnerable, they have to put themselves out there a lot more than they probably are comfortable doing."
Solomon is now tasked with molding Goldman Sachs into a firm that ordinary consumers will find more appealing and accessible.
His advice to those in senior positions within the company was to share personal aspects about their lives, to facilitate trust between customers and the bank.
He's also alluded to the need for the company to make better use of internal social networks to cultivate a more welcoming atmosphere for millennials employees, major users of this type of platform, says Brian Levine, one of Goldman Sachs' managers.
Banker by day, DJ by night
Having performed in New York, Miami and the Bahamas, Solomon is a keen fan of electronic music.
A scroll through his Instagram will take you through photos of him, often donning a baseball cap, mixing under the stage name, DJ D-Sol — h e even made a remix of the Fleetwood Mac single "Don't Stop".
Solomon has spoken out in favour of reducing working hours
In a bid to change Goldman Sachs' corporate culture and to promote a healthier work-life balance, Solomon has spoken out against long working hours, according to Vanity Fair.
He's proposed ensuring the bank's employees work no more than 70 hours a week, provided they aren't involved in the conclusion of a transaction.
He's also spoken out in favour of better representation of women within the bank, particularly in more senior positions.
In the 2016 presidential election he funded Jeb Bush — and Hillary Clinton
In the 2016 US presidential election, Solomon helped finance the campaigns of two candidates — belonging to two opposing camps.
He backed Democrat, Hillary Clinton, and Republican, Jeb Bush, according to CNN.
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