Goldman legal chief stays on as adviser after resigning over Jeffrey Epstein ties

The company’s general counsel resigned following revelations about a relationship with a disgraced financier, but will now remain with the business in an advisory role.

As reported by FT, Kathy Ruemmler, Goldman Sachs’ general counsel, is staying with the bank as an adviser, an unexpected move after she resigned in February following revelations about her ties to late convicted paedophile Jeffrey Epstein.

David Solomon, Goldman’s chief executive, asked Ruemmler to remain as an adviser to clients, said people briefed on the matter. Michael Bosworth will replace Ruemmler as interim general counsel in July while the bank continues to search for a long-term replacement, they added.   

Solomon said in February that he “reluctantly accepted” Ruemmler’s resignation in the wake of thousands of her emails with Epstein, disclosed by the US justice department, revealing close dealings between the pair. 

At the time of the emails between 2014 and 2019, Ruemmler had left her role as White House general counsel and was working in private practice at Latham & Watkins. She joined Goldman in 2020. Ruemmler has said she regretted ever knowing Epstein and that she had no knowledge of his criminal activities.

Goldman declined to comment on the bank’s decision to Ruemmler beyond June, which was first reported by Bloomberg.