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Goldman’s new director makes its board almost half female By Reuters

© Reuters. FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo/File Photo

By Elizabeth Dilts Marshall

NEW YORK (Reuters) – Goldman Sachs Group Inc (NYSE:) said on Monday that media lawyer Kimberley Harris would become its newest board member, a move that makes the Wall Street bank’s board of directors nearly half-female.

Harris is NBCUniversal Media’s general counsel and an executive vice president at the Comcast Corporation (NASDAQ:).

Her appointment comes as banks face growing calls to add diverse and women candidates to their top rungs of leadership.

The financial industry is almost entirely run by men, although a handful of women have broken through to executive ranks in recent years. Last September, Jane Frasier became the first woman to lead a major Wall Street bank when she was named chief executive of Citigroup Inc (NYSE:).

Goldman has publicly set specific internal targets aimed at hiring and promoting more women into its senior ranks.

Last August, bank management said that, by 2025, they want 40% of Goldman vice presidents to be female. That followed a goal set in 2019 that half of new analysts and entry-level associates hired at the bank in the United States be women.

In 2020, Goldman said it would only help take a company public if that company’s board had at least one diverse board member, such as a woman.

On Goldman’s own board, Harris’ appointment means that six out of 13 directors are women.

Prior to her work at NBCUniversal and Comcast, Harris was a partner at Davis Polk & Wardwell LLP. She also worked as senior counsel to the assistant attorney general in the U.S. Department of Justice, and during President Barack Obama’s administration, she was principal deputy counsel and deputy assistant to the president.

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