Goldman Sachs Appoints Ronald K. Tanemura

NEW YORK - The Goldman Sachs Group, Inc. (NYSE: GS) announced today that Ronald K. Tanemura will join the firm as a managing director and head of the firm's Credit Derivatives Group. He will work closely with Scott Pinkus, who has announced his decision to to retire from the firm later this year, to effect a smooth management transition.

Michael Mortara and Lloyd Blankfein, Co-Heads of Fixed Income, Currency and Commodities for the firm said: "Credit derivatives is an important and rapidly growing business for Goldman Sachs." "Ron is an acknowledged leader in the field. He brings a unique combination of skills and experience that will be invaluable as we further develop our global capabilities."

Ron comes to Goldman Sachs from Deutsche Bank in London, where he built and headed their global credit derivatives effort. Prior to joining Deutsche Bank, he spent 11 years at Salomon Brothers, where he ran the structured private placement business in Tokyo and then co-headed European Fixed Income Derivatives in London. Ron is a 1985 graduate of the University of California at Berkeley.

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Goldman Sachs is a leading global investment banking 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, 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.