It’s official: I am leaving Goldman Sachs after 30+ wonderful years. I will be forever grateful to so many for the incredible opportunities to contribute and understand great leadership. Since my start as an analyst in Capital Markets, I’ve tried to make an impact - on our people, our clients and our firm. I've loved working alongside dedicated colleagues to grow our businesses - improving the profitability and efficiency of our Global Repo desk, creating the Global Short Term Macro desk, and transforming Corporate Treasury to prudently manage capital and liquidity with a keen eye on cost. Some of my most rewarding experiences were working with policy makers, as Chair of Treasury Borrowing Advisory Committee and a member of TMPG and FRAC. I am enormously grateful for the opportunities to serve the country by sharing my expertise with economic leaders. Summarizing everything I’ve learned over 30 years is near impossible. But I’m always up for a challenge. So here’s ~3 incredible decades in ~3 bullets: 1. Risk always comes first: *Great risk management requires rigorous assessment and anticipation of a wide range of outcomes. Be prepared. *A crisis comes along around once every ~5 years (1994, 1998, 2001, 2008, 2011, 2020, 2023). In the heat of the moment, keep a cool head and focus on facts. Act swiftly and decisively. Communicate, communicate, communicate. *If you wait for 100% information you will never make a decision. In a crisis, time matters. Trust your judgment. 2. Invest in your people and build followership: *Have high expectations, be encouraging, and treat people with respect. Everyone wants to make a difference, be appreciated and give their best. *Feedback is a gift. Give it generously. Ask for it often, and never refute it in the moment. The more specific and action-oriented the better.? *Solicit views from a wide range of perspectives. The best ideas rarely come from the loudest person in the room.? *Include cold hard facts when making important people decisions. Don’t rely on impressions alone, look at results that don’t suffer from recency or frequency biases. 3. Drive growth and promote continuous improvement:? *Change is hard and takes time. Walk people through your thinking, address their concerns, and they’ll come along.? *Mistakes will happen. Escalate problems immediately so they can be handled. Waiting only makes a problem worse. After you fix the issue, go back and figure out where the process broke down. Then build tools to ensure it doesn’t happen again.? *You will never lose an argument if you focus on doing what’s right for the organization. Not your silo but what is best for the whole. It may take you longer to get where you’re going, but you’ll make a bigger difference and feel great when you get there. It’s been an incredible journey. I plan to take a break for the next several months, respond more slowly to email, and spend time with my incredible husband and 2 sons. I'm excited to decide what comes next.