Goldman Sachs Group Inc. has recently promoted two individuals from Germany to partner positions, which is the largest number of promotions in over ten years.

The purpose of this strategic move is to improve the bank's presence and business operations in Germany.

Axel Hoefer, who is responsible for industrial banking in Europe, the Middle East, and Africa, and Jans Meckel, who co-heads EMEA fixed income currencies and commodities derivatives origination, have both been promoted to the partnership level.

This biennial selection demonstrates Goldman Sachs' dedication to strengthening its leadership and expanding its influence in important markets.