Steven M. Goldman
The New Jersey Department of Banking and Insurance is responsible for regulating the banking, insurance and real estate industries in New Jersey. Steven M. Goldman [Note: now the former commissioner] was sworn in a year ago as commissioner of this department. Goldman is a native of New Jersey, born and raised in Paterson and Woodcliff Lake and a proud graduate of Glen Rock High School. He currently lives in Woodcliff Lake with his wife and three children.
Goldman's career is a great example of the diversity of positions available to the financial-services professional-and the ability of someone to build a successful career in the state in which he was born and first educated. Before joining the Department of Banking and Insurance, Goldman was a senior member and 22-year veteran of Sills Cummis Epstein & Gross, a law firm based in Newark. During his time at the firm his focus was corporate law, specifically mergers and acquisitions, banking and finance and joint ventures between companies. That's right-you can become a lawyer who specializes in money-related issues! Goldman earned an undergraduate degree in political science from Boston University, a Masters of Law in taxation from New York University School of Law and a Jurist Doctorate from the George Washington University School of Law.
Despite his impressive academic track record, Goldman is most proud to be serving the state that he has long called home. "I very much appreciate the confidence Governor Corzine has expressed in me by nominating me for this position and allowing me to be a part of his team," said Commissioner Goldman when he was sworn in last March. "As a proud native of New Jersey, this appointment is a particular privilege for me."
If Goldman's expertise in finance and the law sounds like a career path for the suit-and-tie set, think again. Lots of women specialize in law, money and mega-deals, the kind where billion-dollar companies enter into agreements with each other to either buy or sell. For instance, Cheryl A. Gorman is a partner with Gibbons law firm in Newark and head of the firm's private equity group. She's involved in all aspects of the corporate practice, including private equity investments, capital raising, venture capital finance, new issue securities and mergers and acquisitions.
Gorman's colleague, Karen Giannelli, advises public and private companies and financial institutions in the areas of financial restructuring and financial services. Her specialty: helping companies that are having money problems and are headed for bankruptcy. "It's a very tall order to expect a company in this condition to have the objectivity to step aside and say they've got a problem. They really need to consult with a professional," explains Giannelli, a graduate of Skidmore College and Tufts University who earned her law degree from Rutgers School of Law in Newark in 1979. "They need advice and I offer it. It's interesting work."