Goldman Sachs Group Inc.'s General Counsel, Kathryn Ruemmler, is set to depart from her role. This decision comes after recently released documents related to Jeffrey Epstein indicated that Ruemmler maintained a close alliance with the convicted sex offender until his arrest in 2019.
The investment bank stated that the 54-year-old Ruemmler has chosen to resign.
Ruemmler rose to a senior position on Wall Street and became a key advisor to Goldman Sachs CEO David Solomon following a distinguished legal career. As a prosecutor, she contributed to the trial of Enron Corp. executives. She was selected by former President Barack Obama to serve as White House Counsel and was once considered a candidate for U.S. Attorney General.
Reports in 2023 initially revealed Ruemmler's connection to Epstein, noting that she was among the powerful figures who met with him regularly in the years after he pleaded guilty to soliciting a minor for prostitution.
Over recent months, multiple batches of documents released by the U.S. Congress and the Department of Justice have provided further details about this relationship, intensifying concerns among some within Goldman Sachs about her tenure. The documents show that Epstein had named Ruemmler as a backup executor in one version of his will and called her on the night of his arrest in 2019. They also detailed numerous casual emails between the two, as well as lavish gifts Epstein gave to her.
Ruemmler has asserted that her relationship with Epstein was professional, sharing common clients. She stated that she did not act as Epstein's agent, never lobbied on his behalf, and that he only occasionally sought her advice. She expressed regret for having known him and claimed to have been unaware of any new or ongoing illicit activities by Epstein.