Goldman Sachs Group Inc. Treasurer Liz Beshel Robinson isstepping down and will be replaced by Robin Vince.

Robinson, 46, will become an advisory director, a title given tosome of the firm's alumni who are no longer employees, at the endof the year, according to an internal memo Wednesday from ChiefFinancial Officer Harvey Schwartz. Laurence Stein, chief operatingofficer of the bank's trading unit, will replace Vince as globalhead of the operations division, according to a separate memo.

Robinson, a protege of former CFO David Viniar who became thefirm's youngest-ever treasurer in 2005, helped New York- basedGoldman Sachs convert into a bank holding company and weather the2008 financial crisis. Since then, she has been part of thecompany's efforts to gather more deposits, including its pendingacquisition of GE Capital Bank.

“Liz has an amazing ability to balance the firm's commercialinterests with our appetite for risk,” Esta Stecher, chiefexecutive officer of Goldman Sachs Bank USA, said at a 2013 awardspresentation. “It's almost impossible to overstate how challengingthis can be on a day-to-day basis.”

Robinson was considered a candidate to become CFO beforeSchwartz was picked as Viniar's successor three years ago. Shejoined Goldman Sachs in 1990 and was named a partner, the firm'shighest rank, in 2006. Her husband, Samuel Robinson, served as headof strategy for Goldman Sachs's investment-banking division beforeleaving last year.

Vince, who also served as COO of the firm's European region,joined Goldman Sachs in 1994 and was named a partner in 2006. Hepreviously oversaw the money markets business in the fixed-incometrading division.

Stein joined the firm in 1996 and became partner in 2006. Hepreviously served in CFO roles for the trading andinvestment-banking units.

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