Goldman Sachs confirmed a senior leadership change after details from recently released U.S. Justice Department documents implicated the firm's Chief Legal Officer in interactions with Jeffrey Epstein.
In an interview with CNBC, Goldman Sachs CEO David Solomon said of Kathy Ruemmler: "I reluctantly accepted her, her resignation, but I respect her decision." Ruemmler had served as the bank's Chief Legal Officer and was counted among its top executive officers prior to her departure.
The Justice Department records that have surfaced indicate Ruemmler accepted gifts from the late sex offender Jeffrey Epstein and provided him advice on how to handle media questions concerning his crimes. Those disclosures prompted Ruemmler to step down from her role at the Wall Street firm. Her resignation is reported as the most prominent banking exit following the publication of these Epstein-related documents.
Ruemmler’s exit removes one of the company’s most senior legal executives at a time when the firm is facing heightened public scrutiny connected to the material disclosed in the Justice Department files. The firm has not provided additional commentary beyond Solomon's statement acknowledging and accepting her resignation while respecting her choice to leave.
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Sectors potentially impacted: Banking, Legal services, Capital markets.