Goldman Sachs Hires Donald R. Mullen to Head Leveraged Finance

NEW YORK – The Goldman Sachs Group, Inc. (NYSE:GS) today announced that Donald R. Mullen has joined the firm as a managing director and head of Leveraged Finance. He will have responsibility for the bank loan and high yield bond businesses in the Fixed Income, Currencies and Commodities Division and report to David M. Solomon, managing director and head of Credit Products.

;We are extremely pleased to have Don Mullen join Goldman Sachs,; said David M. Solomon. ;Don's broad range of experience and industry knowledge will be an asset to clients and strengthen our leveraged finance team, which is of critical importance to the firm.;

Mr. Mullen joins from Bear, Stearns & Co., Inc. where he was global head of the High Yield, Emerging Markets and High Grade Corporate Bond Departments and a member the Board of Directors and the Management and Compensation Committee. Prior to joining Bear Stearns in 1991 he held senior positions at Salomon Brothers and Drexel Burnham Lambert.

Mr. Mullen received a B.A. in Economics from Yale University in 1981.

The Goldman Sachs Group, Inc. is a leading global investment bank and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.