- Jake Siewert, Goldman Sachs’ global head of corporate communications, is leaving to join Warburg Pincus.
- Siewert joined Goldman Sachs in 2012 from the US Treasury and played a key role in its rebrand.
- Andrea Williams will be joining Goldman as head of media relations from Oaktree Capital Management.
- See more stories on Insider’s business page.
Jake Siewert, Goldman Sachs’ global head of corporate communications and the chief architect of the bank’s efforts to rehabilitate its image in the years following the financial crisis, is retiring from the firm, Goldman’s top leaders announced Friday.
“Jake has served Goldman Sachs with distinction for more than nine years, working closely with senior leaders across our organization to reshape and enhance the firm’s reputation in the wake of the global financial crisis,” Goldman’s CEO David Solomon, President John Waldron, CFO Stephen Scherr, and executive vice president and Corporate Secretary John F.W. Rogers wrote in a memo sent to partners and managing directors, which was viewed by Insider.
“His judgment and skill with the media were invaluable as the firm navigated a series of complex public issues globally during his tenure,” they continued.
Siewert is headed to private equity giant Warburg Pincus, according to a source familiar with the situation, where he’ll be reunited with the firm’s president, Timothy Geithner. Between 2009 and 2011, Siewert was a counselor to Geithner when he served as President Obama’s first Secretary of the Treasury.
DealBook first reported Siewert’s departure from Goldman Sachs and move to Warburg Pincus.
Before his work at the Treasury, Siewert was a top executive at industrial corporation Alcoa for nearly eight years. Initially leading their corporate communications, Siewert ultimately ended up overseeing Alcoa’s M&A strategy and business in China and emerging markets, according to his Goldman Sachs biography.
Siewert also served as the last White House press secretary of the Clinton administration and as a special assistant to the president for economic affairs, working on the National Economic Council.
Named a partner at Goldman in 2014, just two years after he joined as managing director, Siewert was credited in the memo for “developing the firm’s social media presence” and its external-facing content, like the podcast ‘Exchanges at Goldman Sachs.’
“Jake also brought a fresh approach to the way that the firm communicates with its external stakeholders and clients, helping us adopt and launch new channels to reach these audiences more effectively,” Solomon and the others wrote.
The memo did not provide a timeline for Siewert’s departure.
Separately, Goldman Sachs also announced Friday the hiring of Andrea Williams, head of corporate communications at Howard Marks’ Oaktree Capital Management, as Goldman’s head of media relations. In a memo sent to partners and directors and viewed by Insider, Rogers wrote that Williams will join the company in May as a managing director.
“In that capacity, Andrea will help execute the firm’s global media strategy, with a focus on optimizing our ability to reach our audiences with a consistent and persuasive message. In addition, Andrea will have oversight of Internal Communications,” Rogers wrote.
Prior to joining Oaktree in 2012, Williams led communications, investor relations, and corporate development at Mindspeed Technologies and SeeBeyond Technology, and also led financial communications at Sun Microsystems.
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