Goldman Sachs chairman and CEO David Solomon told Squawk Box that the firm is positioned for a stronger growth trajectory over the next several years. Solomon cited a diversified revenue base—spanning investment banking, trading and wealth management—and pointed to improvements in client risk appetite as signs of strengthening market momentum. He highlighted sustained demand for advisory services, noting the bank completed over 150 M&A transactions in the past 12 months, representing more than $450 billion in deal value. Solomon also referenced their ongoing investment in technology platforms, which have helped reduce operational costs by 8% year-over-year in the first quarter.

In an internal memo circulated late last week, Goldman Sachs announced the promotion of Ben Frost, a 20-year firm veteran, to chairman of its investment banking division. Frost previously led the consumer retail banking group, where he played a key role in two of the sector’s largest transactions last year: a $25 billion strategic sale and a $15 billion securitization. Under his leadership, the consumer retail unit grew fee revenues by 12% in 2025. Frost succeeds a predecessor who moves to a newly created role overseeing global client strategy.