Samuel Sachs

Samuel Sachs was a Jewish-American investment banker, who was born on July 28, 1951. Sachs was born to immigrants from Bavaria, in Maryland. Along with his friend Philip Lehman (of Lehman Brothers fame), Sachs initiated the provision of stock as a method by which companies could raise money.

Sachs married Louisa Goldman, who was the youngest daughter of family friends, and an immigrant from Bavaria as well. After the marriage, Sachs joined the firm of his father-in-law Marcus Goldman, and the firm's name was then changed to Goldman Sachs in 1904. Together, Goldman and Sachs engaged in the underwriting of securities for firms like Sears & Roebuck; during this time period, Goldman Sachs diversified to include other securities markets (such as the bond, convertibles, and over the counter markets). These markets continue to be a large source of revenue for the company even today. Samuel Sachs entered retirement in 1928, and passed away in 1935.