Brendan McGovern served as the CEO of Goldman Sachs BDC from March 2018 to March 2022. With a finance background, he played a significant role in leading the company's private credit operations. McGovern joined Goldman Sachs in 2006 and became...

Brendan McGovern served as the CEO of Goldman Sachs BDC from March 2018 to March 2022. With a finance background, he played a significant role in leading the company's private credit operations. McGovern joined Goldman Sachs in 2006 and became known for his work as the head of the Private Credit Group, where he oversaw investment decisions and portfolio management. Before his time at Goldman Sachs, he worked at Amaranth Advisors as a managing director. Interestingly, he announced his retirement in December 2021, which was not due to any disagreements within the company. This smooth transition was planned to maintain stability. During his years in charge, McGovern didn't receive any salary or bonus, highlighting a unique compensation strategy that reflects the company's commitment to aligning executive pay with performance.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Goldman Sachs BDC CEOs

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Brendan McGovern

Ex-CEO of Goldman Sachs BDC

Education

Not disclosed

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

March 14, 1973 - 52 years ago

CEO of Goldman Sachs BDC for

4 years 0 months (Mar 2018 - Mar 2022)

Previous Experience

CEO of Goldman Sachs BDC, Inc.

Rivals

Competitors/colleagues of Brendan McGovern

S

Andrew J. Sossen

CEO of Starwood Property Trust

2023 Compensation

Stock

$608.18K

Salary

$425.00K

Bonus

$0.00

Other

$0.00

Total Holdings

$3.65M

A

R. Kipp deVeer

CEO of Ares Capital

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$187.28M

P

Arthur Penn

CEO of PennantPark Floating Rate Capital

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$12.99M

O

Armen Panossian

CEO of Oaktree Specialty Lending

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$201.44K

S

Joshua Easterly

CEO of Sixth Street Specialty Lending

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$1.12M

M

Dwayne L. Hyzak

CEO of Main Street Capital

2023 Compensation

Stock

$2.13M

Salary

$691.25K

Bonus

$3.60M

Other

$249.19K

Total Holdings

$29.85M

Holdings

See how much did Brendan McGovern make over time.

Brendan McGovern held significant responsibilities in Goldman Sachs BDC, but there is no public record of personal stock holdings or financial stakes reported by him during his term as CEO. His focus was primarily on managing the company's private credit...

Brendan McGovern held significant responsibilities in Goldman Sachs BDC, but there is no public record of personal stock holdings or financial stakes reported by him during his term as CEO. His focus was primarily on managing the company's private credit group and he worked on investment teams rather than accumulating personal wealth through stock ownership. Throughout his tenure from 2018 to 2022, the lack of compensatory stock grants or bonuses shows a unique philosophy of performance-based incentives; when the company didn’t perform well, neither did he earn significant compensation. His professional journey also shows how leaders can prioritize organizational success over personal gain, steering clear of the often expected wealth accumulation that accompanies high-level positions in finance.

No data yet.

Insider Trading

See recent insider trades of Brendan McGovern.

No insider trades found for this CEO.

Compensation History

See how much did Brendan McGovern make over time.

Brendan McGovern's compensation from 2018 to 2022 was notably unique, as he received no salary, bonuses, or stock grants during his tenure as CEO of Goldman Sachs BDC. This decision wasn't typical in the industry, where leaders often earn significant pay packages. Instead, the company's compensation philosophy aimed to align executive pay closely with the performance of the firm. McGovern's lack of a traditional compensation package reflects a culture that prioritizes accountability and results. By not being awarded any bonuses or stock, it sends a clear message: compensation is linked to the company's success, emphasizing a need for high performance to be rewarded. This also illustrates a departure from the common expectation of lucrative pay for CEOs in finance, showcasing a different model that seeks to inspire genuine commitment to the company’s mission.

Year

2022

Total Compensation

$0.00

Salary

$0.00

Board Justification

The company aims to align executive compensation with performance and market standards, but no specific compensation was awarded in 2022.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2022.

Other

$0.00

Board Justification

No other compensation was reported for the year 2022.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2022 as no stock grants were awarded.

Performance Metrics

No performance metrics were applicable as no compensation was awarded.

Other Goldman Sachs BDC CEOs

Here are other CEOs of Goldman Sachs BDC

Stanley Matuszewski

CEO of Goldman Sachs BDC

November 2023 - Present