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Goldman SSA CEO steps down

Anna Lyudvig
Nov. 5, 2019, 1:10 p.m.
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Goldman Sach’s CEO of Sub-Saharan Africa, Colin Coleman has said he will retire from the firm at the end of the year, after 25 years in banking of which 20 years has been at Goldman Sachs.

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Goldman Sach’s CEO of Sub-Saharan Africa, Colin Coleman has said he will retire from the firm at the end of the year, after 25 years in banking of which 20 years has been at Goldman Sachs.

Effective January 2020, he will become a senior fellow and lecturer with Yale University’s Jackson Institute for Global Affairs for 2020.

Coleman said: “During my tenure at the firm, where I was named a partner in 2010, I was focused on shaping Goldman Sachs' strategy in Sub-Saharan Africa. I was fortunate to play a central role in the region’s most important domestic and cross-border  transactions.”

“I am absolutely delighted to shortly join the esteemed faculty at Yale University, where I can invest without restriction in deep thinking about, and be a voice for, the future of Africa,” he said.

“As an activist in South Africa’s anti-apartheid movement during the 1980’s and later its constitutional transition and in interactions with Governments I have been close to the public sector. And in my banking experience close to the private sector. I can now assist both,” he added.

At Yale, he will teach a graduate-level course on “Africa: Doing Business in the Last Frontier of Global Growth” in the spring 2020 semester.

He said he will split his time between the United States and South Africa and continue in his role as co-chairman of the Youth Employment Service (YES).

The US investment bank Goldman Sachs did not comment who would replace Coleman.

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