Goldman Sachs chief executive David Solomon has reshuffled the bank’s senior executives again, installing its chief strategy officer Stephanie Cohen to run its consumer and wealth management division as part of a series of fresh changes at the US bank.

In a rare example of a senior woman running a division at Goldman, Cohen has been promoted to co-head its consumer banking and wealth-management teams alongside long-serving private banking executive, Tucker York, according to an internal memo seen by Financial News.