Goldman Sachs promotes 27 Indian-origin executives

US financial services giant Goldman Sachs has promoted 280 executives, including at least 25 of the Indian-origin, to the coveted position of managing director.

The new class of managing directors will assume their roles from Jan 1, 2014, the start of the company's next fiscal year.

"We wish our new managing directors continued success and thank them for their dedication and hard work representing the firm and our clients," said Lloyd C. Blankfein, the Chairman and CEO of Goldman Sachs.

Indian-origin individuals promoted to managing director include Puneet Agarwal, Vishweshwar Anantharam, Paddy Balasubramanian, Navtej Bhullar, Arun Dhar, Anil Grover, Sumedh Jaiswal, Gautam Khanna, Rohit Kumar, Kaushik Murali, Mohan Rajagopal, Anshul Sehgal, Kamakshya Trivedi and Krishnamurthy Vaidyanathan.

Last year, Goldman had promoted 266 people, including at least 16 of the Indian origin as managing directors, while three others of the Indian origin had been named as partners at the group.

Typically, a managing director at Goldman Sachs earns a base salary of $500,000 while that of a partner is about $900,000.