Husband and Wife Duo Promoted in Goldman's New Partner Class

(Bloomberg) -- Among the dozens of bankers and traders elevated to the sought-after position of Goldman Sachs Group Inc. partner are a husband and wife.

Beat Cabiallavetta and Niharika Cabiallavetta will both be partners based in London after Wednesday’s promotions. The pair joined Goldman Sachs in 2005 and were both promoted to managing directors in 2013.

Niharika Cabiallavetta is co-head of European FICC micro sales and previously led mortgages and structured-product sales for the continent, according to a company profile. Beat Cabiallavetta oversees the so-called liquid investing business in the European Special Situations Group.

Beat Cabiallavetta is the son of BlackRock Inc. board member Mathis Cabiallavetta, who was chief executive officer of Union Bank of Switzerland before it merged with rival Swiss Bank Corp. in 1998 to form what was then the world’s second-biggest bank. He became chair of the new lender, known today as UBS Group AG, only to stand down months later when the firm revealed losses of 950 million Swiss francs ($948 million) tied to failed hedge fund Long-Term Capital Management LP.

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