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Goldman Sachs Announces New Managing Directors


NEW YORK, October 23, 2003 -- The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has invited 136 individuals to become Managing Directors as of November 29, 2003, the start of the firm's fiscal year.

Henry M. Paulson, Jr., Chairman and Chief Executive Officer, commenting on the announcement, said: "We congratulate our new Managing Directors, who represent a broad cross section of the businesses and markets in which we compete globally. We are confident that their outstanding leadership will continue to contribute to the firm's success."


We are pleased to announce that the following individuals have been invited to become Managing Directors as of November 29, 2003, the start of the firm's next fiscal year.

Julian D. Abel
John J. Adair
Olusegun O. Aganga
Mark E. Agne
Thomas K. Amster
Anton J. Arriola
Indrajit Bardhan
Gareth W. Bater
Marjorie Boliscar
Oliver R. Bolitho
Michael F. Bonte-Friedheim
Sally A. Boyle
Lester R. Brafman
Cynthia A. Brower
Randall S. Burkert
Sebastiano Calabro
Philippe L. Camu
David E. Cantillon
John W. Cembrook
Robert J. Ceremsak
James R. Cielinski
William J. Conley, Jr.
Colin J. Corgan
David W. Corley
Thomas W. Cornacchia
Frederick C. Darling
David H. Dase
François-Xavier de Mallmann
Thomas F. Dempsey
L. Brooks Entwistle
Gregory A. Finck
Mark B. Florian
Timothy B. Flynn
Elisabeth Fontenelli

Elizabeth J. Ford
Colleen A. Foster
Linda M. Fox
Jeffrey S. Frase
Kieu L. Frisby
Timur F. Galen
Guillermo Garcia
Rachel C. Golder
Edward J. Guay
Kevin J. Guidotti
Vishal Gupta
Vladimir M. Gutin
Elizabeth M. Hammack
Taizo Hasebe
Kuniyoshi Hayashi
Kenneth L. Hirsch
Svein R. Hogset
Robert Howard
Mark Howard-Johnson
Zubin P. Irani
Kevin M. Jordan
Mei L. Joseph
James P. Kenney
Steven E. Kent
Masaaki Kimura
Jonathan S. King
Frederick J. Knecht
Yasuro K. Koizumi
Robert A. Koort
John D. Kramer
Tak Sing Kenneth Kwok
Brian J. Lahey
Jonathan A. Langer
Hugh J. Lawson

Cham Chung Ken Lee
Ronald Lee
Deborah R. Leone
Roger E. Linnemann, Jr.
Thomas R. Lynch
Peter J. Lyon
Aadarsh K. Malde
Joseph C. Marconi
Alexander M. Marshall
Paul A. Marson
Thomas H. Mattox
Jason E. Maynard
James P. McCarthy
Dermot W. McDonogh
Olivier F. Meyohas
Kristi L. Mitchem
Gregory C. Mitsch
Wataru Mizoguchi
Scott E. Molin
Arjun N. Murti
Craig J. Nossel
Anthony J. Noto
Peter C. Oppenheimer
Robert W. Pack
Lisa L. Parisi
Simon C. Parry-Wingfield
John M. Perlowski
Carol V. Pledger
Gilberto Pozzi
Krishna S. Rao
Jean-Manuel Richier
Louisa G. Ritter
Nigel C. Robinson
Andrew A. Root

Clifton P. Rose
Lisa A. Rotenberg
John J. Ryan
Pamela S. Ryan
Josephine Scesney
Clare R. Scherrer
Vivian C. Schneck-Last
John A. Sebastian
Peter A. Seccia
Peter D. Selman
Heather K. Shemilt
Kunihiko Shiohara
Gavin Simms
David A. Simpson
Chong Hon Andrew Song
Alec P. Stais
Laurence Stein
Patrick M. Street
Morgan C. Sze
Thomas P. Takacs
Thomas D. Teles
Elena B. Titova
Serena Torielli
Frederick Towfigh
Greg A. Tusar
Philip J. Venables
Alejandro Vollbrechthausen
Peter J. Warren
Richard A. Weissmann
Eileen M. White
Deborah B. Wilkens
Samuel J. Wisnia
Shinichi Yokote
Peter J. Zangari



Goldman Sachs is a leading global investment banking and securities firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.