Goldman Sachs Names Andrew J. Melnick & Suzanne Nora Johnson to Head Global Investment Research

NEW YORK – Goldman Sachs Group, Inc. (NYSE: GS) announced today the appointment of Suzanne Nora Johnson and Andrew J. Melnick as co-directors of the firm's Global Investment Research Division. Together, they will oversee Goldman Sachs' global equity investment, foreign exchange and economic research efforts, and the firm's portfolio strategy groups. Mr. Melnick and Ms. Nora Johnson will join the firm's Management Committee.

;We are pleased to announce this strong new leadership team and to reaffirm the importance of distinguished and truly independent investment research to Goldman Sachs,; said Henry M. Paulson, Jr., Chairman and Chief Executive Officer of Goldman Sachs. ;We also want to affirm our support for the efforts now under way by Congress, the Securities and Exchange Commission and our self-regulatory groups to frame standards around investment research that will ensure the continued confidence of investors worldwide and with it, the leadership position of the U.S. securities markets.;

Andrew Melnick, who will become a Managing Director of the firm, comes to Goldman Sachs from Merrill Lynch & Co. where he was Director of the Global Securities, Economic and Fundamental Equity Research for 13 years. During Mr. Melnick's tenure, that firm's research efforts achieved top rankings in most of the major global surveys of investors, including those of Institutional Investor and The Wall Street Journal. Over the course of his career, Mr. Melnick has served as President of Woolcott & Co., an independent brokerage firm, Director of Research at L.F. Rothschild, Unterberg, Towbin, and as an industry analyst at Drexel Burnham Lambert.

Suzanne Nora Johnson, a Managing Director of Goldman Sachs, will leave Goldman Sachs' Investment Banking Division where she has led the firm's global healthcare business since 1994. She is a director of the Carnegie Institution of Washington, RAND Health, the University of Southern California and TechnoServe, and serves on an advisory council for the Harvard Medical School. Before joining Goldman Sachs, Ms. Johnson practiced law at Simpson Thacher and Bartlett and clerked with the United States Court of Appeals.

Goldman Sachs is a leading global investment banking, securities and investment management 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.