Goldman Sachs is enhancing its alumni network under investment banking chair Alison Mass, introducing new systems and features to strengthen connections with former executives. The bank is formalizing ties with its 115,000 former employees worldwide, offering exclusive perks and job-matching services to maintain strong relationships. Mass, a veteran dealmaker, has transformed the network into one of Wall Street’s most exclusive inner circles.

The alumni network includes 600 C-suite execs and 15 sports team owners, generating commercial opportunities for the bank. Mass’s strategic upgrades include a private jobs marketplace and revamped newsletter, facilitating connections and collaborations among former colleagues. Alumni, like Katie Koch of TCW, have benefitted from the network, fostering business relationships and opportunities with current and former partners.

Mass’s leadership of the alumni association focuses on personal connections, mentorship, and business development opportunities. By establishing a task force of top partners and aligning the network with the bank’s strategy, she aims to enhance business collaboration and success. Maintaining close ties with former colleagues, whether through formal channels or personal relationships, yields significant benefits for both alumni and Goldman Sachs.

Former Goldman employees, like Prabir Adarkar and Earl Hunt, emphasize the personal and professional value of staying connected with former colleagues. Alumni relationships have helped individuals like Haidee Lee of Goldman Sachs build successful careers and make substantial investments. The unique culture at Goldman Sachs fosters lasting connections that continue to benefit alumni and the bank, even after leaving the organization.

Read more at Yahoo Finance: Inside the perks and benefits of Goldman’s exclusive alumni network