Goldman Sachs Names Alan Cohen Global Head Of Compliance

NEW YORK, February 2, 2004 -- The Goldman Sachs Group, Inc. (NYSE: GS) today announced that Alan Cohen will join the firm as Global Head of Compliance. In that role, he will lead Goldman Sachs’ compliance group worldwide, working closely with senior management, leadership within the businesses and the firm’s other control functions. He will report to the Executive Office and become a member of the firm’s Management Committee.

“Alan brings tremendous experience and judgment to the firm’s senior management team,” said Henry M. Paulson, Jr., Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc. “Just as important, he shares our commitment to meeting both the increasingly complex requirements of regulators around the world and our own high standards of conduct.”

Mr. Cohen joins Goldman Sachs from O’Melveny & Myers, where he has been a partner since 1991. Before that, Mr. Cohen spent nine years as an Assistant U.S. Attorney for the Southern District of New York. His last assignment was as the Chief of the Securities and Commodities Fraud Task Force. In private practice, he has represented a wide variety of public and private companies and financial institutions. In addition, Mr. Cohen has been appointed by the United States District Court as a receiver in a number of important regulatory enforcement actions involving complex financial fraud.

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.