By Saeed Azhar
(Reuters) -Goldman Sachs' Stephanie Cohen, global head of its platform solutions division, became the latest executive to depart the Wall Street giant on Monday after a series of senior exits.
Cohen, who joined the bank as an analyst in 1999 and was promoted to partner 2014, ran Goldman's consumer and fintech operations, an internal memo showed.
She is taking a new role at cloud services company Cloudflare (NYSE:NET) as its first chief strategy officer after taking a leave of absence from Goldman in June. Cohen was initially expected to return to Goldman, according to a source familiar with the situation who declined to be identified. Cohen did not respond to a phone call requesting comment.
Goldman is scaling down its consumer operations after the business, previously championed by CEO David Solomon, lost billions.
Cohen's exit is the latest high-profile departure from Goldman. Global banking and markets co-head Jim Esposito, asset management executive Julian Salisbury and Dina Powell McCormick (NYSE:MKC), former head of the sovereign business, are among the other big names to have left the bank in recent months.
Cohen was the only woman to lead one of the bank's main businesses. Beth Hammack, the co-head of its global financing group who was once considered as a candidate to become chief financial officer, announced her departure last month.
The two women were part of the bank's 25-person management committee, which has six remaining female members. Of the bank's top eight executive officers, two are women.
"Advancing women into our most senior ranks is an area where we have not accomplished our goals," Solomon said in a statement. "We are very fortunate to have extraordinary female partners that continue to increase... Our longer-term success depends significantly on developing female partners in senior roles."
Cohen's departure was first reported by the Wall Street Journal earlier on Monday.