Overview
- The cohort rises about 5% from 2023 to 638 people across 54 offices, taking effect on January 1, 2026.
- More than 70% of the promotes come from revenue-generating units after a cross‑ruffing process that included over 6,000 interviews.
- Women account for 27% of the class, with 31% Asian, 3% Black and 4% Hispanic/Latinx, a mix that reporters said renewed scrutiny of the firm’s progress on representation.
- India recorded a country‑record 49 promotions, Bengaluru ranked behind only New York and London, and 94 Indian citizens were named overall.
- The promotions align with a rebound in investment‑banking activity and higher advisory fees even as the firm has seen an unusually high number of senior banker departures this year.