Goldman Sachs’ newest managing director, Paulo Costa, is the youngest in the class at 29. Based in London, Costa leads dividend trading for the bank’s synthetic products group in EMEA. His promotion follows a successful period for Goldman’s equities division, citing a 7% revenue increase in the third quarter. Costa’s wife, also a Goldman employee, was present when he received the news of his promotion. Born and raised in Portugal, Costa initially studied medicine before pursuing finance, inspired by the European sovereign crisis. He advised aspiring professionals to work hard and perfect their craft to excel in their chosen field. The announcement of Costa’s promotion was met with celebration on Goldman’s London trading floor, with a Champagne toast and gathering to honor the new managing directors. Despite his youth, Costa feels prepared for the responsibilities and expectations that come with his new leadership role at Goldman Sachs.

Read more at Yahoo Finance: This 29-year-old trader just became Goldman’s youngest MD. Here’s how he celebrated after a big year.