Goldman Sachs named longtime executive Harvey Schwartz as its new chief financial officer, succeeding David Viniar.
The company announced Tuesday that Viniar, who has been with Goldman for 32 years and spent the last 12 as CFO, would be stepping down. After leaving the post, he will join the company's board as non-independent director.
Schwartz is currently the global co-head of its securities division. He joined the company as a vice president in 1997, became a managing director in 1999, and was named partner in 2002. He is expected to take over as CFO starting in January 2013.
Goldman Sachs plans a conference call on Tuesday at 5 p.m. EDT to discuss the announcement.