Another veteran voice from Goldman Sachs' most distinguished era of partners is set to leave the firm. Chief Executive David Solomon informed employees on Thursday that Sharmin Mossavar-Rahmani will retire later this year.

At 67, she has spent years steering investment advice for the bank's wealthy clientele and became a highly influential figure in that domain. Her departure also marks the exit of the last remaining woman who held a partnership role when Goldman went public in 1999 and remained with the firm until now.

Mossavar-Rahmani's exit further loosens the ties connecting today's Goldman to its storied past as a private partnership. Only six partners from the time of the IPO will remain at the firm following her departure.

In her advisory work, Mossavar-Rahmani became best known for what she called the "US advantage." She maintained a long-standing bullish stance on American markets, consistently urging investors to overweight US equities even during the darkest days of the global financial crisis. Her research often drew on historical references, sometimes invoking French thinker Alexis de Tocqueville to underscore the resilience of the US economy.

Her team's research reports sometimes stretched beyond 100 pages. She noted they used to be shorter, "but the world has become increasingly complex." Her ability to consistently produce such exhaustive research became almost legendary within Goldman.

Former CEO Jon Corzine recalled in an interview: "In Sharmin's world, there was no such thing as cutting corners or doing things half-heartedly. She was so devoted to her work that sometimes I had to pull her away from it. She worked long hours, pushed herself to the limit, and expected the same from others."

Born in Britain and the daughter of a diplomat, Mossavar-Rahmani spent roughly 12 years living in Iran before moving to the US for college. In 1993, Corzine recruited her to Goldman, and when he took over as CEO the following year, she became the first woman hired directly from outside the firm as a partner.

Mossavar-Rahmani frequently engaged with clients on violent conflicts around the world and their market implications, including wars involving Iran. "These are genuinely turbulent and difficult times," she said. "My family is there, and of course I worry about them."

She was among the 221 partners who took Goldman public in 1999. Many of those early shareholders, had they held their stock, would have amassed significant wealth; Goldman's share price now trades at more than 19 times its IPO level. Today, the firm has roughly 400 partners and is expected to conduct its biennial partner promotions later this year.

Mossavar-Rahmani's official role has been chief investment officer of Goldman's wealth management division. Notably, she has also been a vocal skeptic of the cryptocurrency industry, even as Goldman itself deepens its footprint in digital assets. She said she holds no regrets about being known for her bearish crypto stance. "Bitcoin has no intrinsic value," Mossavar-Rahmani said. "Someone spends a fortune on a banana taped to a wall. Does that make it an asset class?"