The Goldman Sachs Group, Inc. revealed on July 20 that Thomas K. Montag has been selected as an independent director of the board, which started on July 17. Additionally, Montag will join the Audit, Governance, and Risk Committees of the board in his role as a director, according to a press release by Goldman Sachs.

"Tom brings extensive financial services and risk management experience, with over 35 years in the industry," David Solomon, chairman and CEO of Goldman Sachs, said.

Montag serves as both the CEO and director of Rubicon Carbon at the present time. Rubicon Carbon is a platform for the creation and distribution of market-based products and solutions. His prior experience includes holding several positions at Bank of America, including COO from August 2014 to December 2021, COO and co-COO from September 2011 to August 2014, president of global banking and markets from September 2009 to December 2021 and head of markets from January 2009 to September 2009, the release stated.

"We look forward to the valuable perspective (Montag) will provide regarding the complex financial and nonfinancial risks that large global financial institutions face," Solomon said.

At Merrill Lynch, Montag served as executive vice president and head of global sales and Trading beginning in August 2008 and continuing through December of that same year. In addition, he has prior experience working for Goldman Sachs, where he was a member of the company's Management Committee and actively contributed to the company's leadership of the Securities Division across the globe. His responsibilities included serving as co-COO of FICC and co-head of the Securities Division between April 2002 and December 2007, head of Equities Asia between September 2002 and December 2006 and head of FICC Asia and co-president of Goldman Sachs Japan between 1999 and December 2006, according to the press release.

"We look forward to benefiting from (Montag's) informed perspective across a wide range of topics, drawing on his long and global career as a senior leader in financial services and his current role at Rubicon Carbon," Lead Director Adebayo O. Ogunlesi said.