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Matthew W. Barrett, Ann F. Kaplan and Thomas C. Melzer Appointed to Goldman Sachs Bank USA Board.

NEW YORK -- The Board of Directors of Goldman Sachs Bank USA, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

In other words, the parent company owns the company outright and there are no minority owners.
 of The Goldman Sachs Group, Inc. (NYSE NYSE

See: New York Stock Exchange
: GS), today announced the appointments of Matthew W. Barrett, Ann F. Kaplan and Thomas C. Melzer as independent directors of Goldman Sachs Bank USA, increasing the total number of the bank's directors to ten.

"We are very pleased that Matt Barrett, Ann Kaplan and Tom Melzer have agreed to serve on our Board," said E. Gerald Corrigan E. Gerald Corrigan (born June 13, 1941) is an American banker and former president of the Federal Reserve Bank of New York. He is currently a Managing Director at Goldman Sachs. , Chairman of Goldman Sachs Bank USA. "They have extensive experience and expertise in banking and the financial markets, and we look forward to the valuable advice and counsel they will bring to the bank."

Matthew W. Barrett

Mr. Barrett most recently served from 1999 to 2006 as Chief Executive Officer and then Chairman of Barclays PLC, a major global financial services provider headquartered in the United Kingdom. Prior to joining Barclays, Mr. Barrett had a distinguished career, spanning 37 years, at Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad.
Bank of Montreal/Banque de Montr√©al (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I).
, a North American bank headquartered in Canada. He joined Bank of Montreal in 1962 and served as its Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  from 1989 to 1999.

Mr. Barrett currently serves as a director of Harry Winston Diamond Corporation and as a member of the international advisory board of National Bank of Kuwait The National Bank of Kuwait first opened in Kuwait in 1952 to become the first national bank in the Gulf Region. NBK was founded by Khaled Zaid Al-Khaled. NBK is currently the largest financial institution in Kuwait and one of the leading banks in the middle east with branches in . In recognition of his business leadership and public service, Mr. Barrett was made an Officer of the Order of Canada The Order of Canada is Canada's highest civilian honour within the Canadian system of honours, with membership awarded to those who exemplify the Order's Latin motto Desiderantes meliorem patriam, which means "(those) desiring a better country" (Hebrews 11:16). , the country's highest civilian honor. He was named Canada's CEO of the Year in 1995.

Ann F. Kaplan

Ms. Kaplan is the chair of Circle Financial Group, an investment and wealth management membership organization and an adjunct professor of Finance at the Columbia University School of Business. Previously, Ms. Kaplan was a general partner of Goldman, Sachs & Co. and a managing director after the firm became a public company. She was a member of the firm's Fixed Income Division for 23 years and served as the head of the firm's municipal bond department. During her last three years at the firm, she was a member of the Asset Management Division focusing on wealth management.

Ms. Kaplan currently serves on the Board of Financial Guaranty Insurance Company, a provider of credit enhancement for infrastructure finance and structured securities. She also serves on the Boards of the American Red Cross American Red Cross: see Red Cross. , Columbia University, Columbia Business School Columbia Business School (part of Columbia University), officially named the Columbia University Graduate School of Business, and also known as CBS, was established in 1916 to provide business training and professional preparation for undergraduate and graduate  Board of Overseers, Smith College and the Museum of Arts & Design. She is a member of the Committee of 200, the Economic Club of New York, the Council on Foreign Relations The Council on Foreign Relations (CFR) is an influential and independent, nonpartisan foreign policy membership organization founded in 1921 and based at 58 East 68th Street (corner Park Avenue) in New York City, with an additional office in Washington, D.C.  and the International Women's Forum.

Thomas C. Melzer

Mr. Melzer is a co-founder and managing director of RiverVest Venture Partners, a venture capital firm headquartered in St. Louis, Missouri focusing on medical device and biopharmaceutical investments. From 1985 to 1998, Mr. Melzer was President and Chief Executive Officer of the Federal Reserve Bank of St. Louis. He also chaired the Federal Reserve System's committee that directs the system-level activities of the 12 reserve banks in financial services provided to banks, other depository institutions and the U.S. Treasury. Prior to joining the Federal Reserve Bank of St. Louis, Mr. Melzer had a sixteen year career at Morgan Stanley & Co. Incorporated. He joined Morgan Stanley in 1968, and was named a managing director in 1977 and head of the U.S. Government Securities Department in 1980.

Mr. Melzer currently serves as a director of ISTO ISTO Information Science & Technology Office (DARPA)
ISTO Industry Standards and Technology Organization (IEEE)
ISTO Information Sciences Technology Office
 Technologies, Inc., a development stage orthobiologics company. He is a director of Parents as Teachers National Center, Inc., a member of the Advisory Board of the Stanford Institute for Economic Policy Research The Stanford Institute for Economic Policy Research (SIEPR) is a nonpartisan economic research institution housed at Stanford University. It was founded in 1982 as a way to bring together economic scholars from different parts of the University.  and a member of the National Council of the Olin School of Business at Washington University.

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

Goldman Sachs Bank USA is a New York State-chartered bank and a member of the Federal Reserve System. The bank is supervised by the Federal Reserve and the New York State Banking Department and it is a member of the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. . The bank is headquartered in New York and is a wholly owned subsidiary of The Goldman Sachs Group, Inc. The bank engages in a number of businesses, including, but not limited to: bank loan origination and trading; derivatives sales and trading; commercial and residential real estate origination, servicing and trading.
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Publication:Business Wire
Date:Jul 2, 2009
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