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Goldman Sachs names Michael Bosworth acting general counsel

Created at 1 Jul · 1:32 PM1 source↑ Market-relevant
IN SHORT

Goldman Sachs appointed Michael Bosworth as acting general counsel and a member of its executive leadership team, replacing Kathryn Ruemmler. Ruemmler resigned from her roles as chief legal officer and general counsel effective June 30, following reports of her ties to Jeffrey Epstein.

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Key Numbers

June 30Ruemmler's resignation effective date

Who's Involved

Michael Bosworth
Acting general counsel at Goldman Sachs, former partner at Latham & Watkins LLP
Kathryn Ruemmler
Former chief legal officer and general counsel at Goldman Sachs
David Solomon
CEO of Goldman Sachs
Elizabeth Warren
U.S. Democratic lawmaker
Raja Krishnamoorthi
U.S. Democratic lawmaker
Ericka Leslie
Chief administrative officer at Goldman Sachs
Barack H. Obama
Former U.S. President
Jed S. Rakoff
U.S. District Court Judge
Robert A. Katzmann
U.S. Court of Appeals Judge
Stephen G. Breyer
U.S. Supreme Court Justice
Goldman Sachs names Michael Bosworth acting general counsel

↳ Why This Matters

The leadership change in Goldman Sachs' legal department occurs amidst scrutiny of the firm's former top lawyer due to her ties to Jeffrey Epstein, highlighting ongoing concerns about corporate governance and reputational risk.

Key facts

  • Michael Bosworth has been appointed acting general counsel at Goldman Sachs.
  • Kathryn Ruemmler resigned as chief legal officer and general counsel effective June 30.
  • Ruemmler's departure follows reports of her ties to Jeffrey Epstein.
  • Ruemmler is expected to testify before the U.S. House Oversight Committee in July.
  • Ericka Leslie was also named to the executive officers' team.

Goldman Sachs has appointed Michael Bosworth as its acting general counsel and a member of its core executive leadership team, succeeding Kathryn Ruemmler. Ruemmler resigned from her positions as chief legal officer and general counsel, effective June 30, following reports that she accepted gifts from and advised Jeffrey Epstein on addressing media inquiries regarding his crimes.

Ruemmler is scheduled to testify before the U.S. House Oversight Committee in mid-July as part of its investigation into Epstein. Democratic lawmakers Elizabeth Warren and Raja Krishnamoorthi had previously expressed concerns to Goldman Sachs CEO David Solomon regarding Ruemmler's potential continued advisory role despite her connections to Epstein.

Bosworth, who joined Goldman Sachs in 2022 as a partner, previously served as deputy assistant and deputy counsel to President Barack H. Obama and special counsel to the director of the FBI. He also held positions in the U.S. Attorney's Office for the Southern District of New York and clerked for several federal judges, including Supreme Court Justice Stephen G. Breyer.

In addition to Bosworth's appointment, Goldman Sachs also named Ericka Leslie, the firm's chief administrative officer, to its executive officers' team.

Frequently asked questions

Michael Bosworth has been named the acting general counsel at Goldman Sachs.

Kathryn Ruemmler resigned following reports of her ties to Jeffrey Epstein, including accepting gifts and advising him on media inquiries.

She is scheduled to testify before the U.S. House Oversight Committee in mid-July regarding the Jeffrey Epstein investigation.

Bosworth previously served in the White House as deputy assistant and deputy counsel to President Barack H. Obama, and as special counsel to the FBI director, among other legal roles.

What Happens Next

01Kathryn Ruemmler will testify before the U.S. House Oversight Committee in mid-July.

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Cadence

How It Developed

Michael Bosworth was named acting general counsel at Goldman Sachs.
Kathryn Ruemmler stepped down as chief legal officer and general counsel.
Ruemmler's resignation followed reports of gifts from Jeffrey Epstein and advice on media inquiries.
Ruemmler is scheduled to testify before the U.S. House Oversight Committee in mid-July.
Ericka Leslie was named to the executive officers' team as chief administrative officer.

Sources

T1
Goldman Sachs names Bosworth as acting general counselReuters
T2
Michael Bosworth - The American LGBTQ+ Museumamericanlgbtqmuseum.org
T2
Michael Bosworth - Goldman Sachsgoldmansachs.com

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