Mayo man granted access to prestigious partnership group at Goldman Sachs

A Mayo banker has been granted access to the partnership group at global investment bank Goldman Sachs.

Richard Chambers, a son of Frank (former senator and councillor) and Phil Chambers, Newport, is celebrating the achievement.

Mr. Chambers holds a BSc in Financial Mathematics and Economics from NUI Galway and he joined the bank as an interest rate trader in August 2015.

Prior to that he worked as a portfolio manager with hedge fund Blue Crest and was a co-founder of Bua Book, a sports trading exchange.

According to the Irish Times, it means Richard joins the elite one per cent of the firm who form part of the leadership group of the bank, as the partnership now totals fewer than 440 in a company that employs about 38,000.

Goldman partners receive a pay rise to a basic salary of $950,000 (€803,000) and exclusive investment opportunities, which have just been expanded to include “carried interest” in Goldman’s private investment funds, the newspaper added.

Congratulations to the Chambers family on the wonderful success.