Goldman Sachs Partners Bott, Shalett Depart as New Class Awaits

Aug 26, 2014 3:14 pm ET

Aug. 26 (Bloomberg) -- Goldman Sachs Group Inc.’s list of so-called partners dropped to 409, the lowest in almost two years as the firm is set to name a new class at the end of this year.

Alison Bott, 58, who ran human capital management in Asia, and Lisa Shalett, 48, who led the firm’s brand marketing and digital strategy, were absent from a list of partners included in an Aug. 22 filing. The pair retired earlier this year and will become advisory directors, according to a person briefed on the matter, who asked not to be identified speaking on personnel matters.

Cyril Cottu, who worked in currency sales, also dropped from the list. Cottu remains with the firm, said the person.

Partner is the firm’s highest rank, a nod to its history as a private partnership before going public in 1999. Such employees typically receive a $900,000 salary and share in a special bonus pool. The bank’s partnership committee, led by Vice Chairman Michael Sherwood, selects an additional class every other year, including 70 new members in 2012.

The number of partners will fall further before the new class is added. Executives including Canada head Jack Curtin, 63, and John Shaffer, who ran credit sales in New York, have announced their intentions to leave at the end of the year.

Shalett worked at Goldman Sachs since 1995, including roles in equity sales and as chief operating officer of compliance, legal and internal audit, according to her LinkedIn profile.

Cottu didn’t immediately respond to an e-mail seeking comment, while Shalett didn’t answer phone calls to her listed number. Attempts to locate a phone number or e-mail address for Bott were unsuccessful.