The undersigned does hereby appoint Beverly L. O' Toole, Jamie A.
Greenberg, Alice Z. Chen, Jamison Yardley and Jennifer Lee (and
any other employee of The Goldman Sachs Group, Inc. (the
"Company") or one of its affiliates designated in writing by one
of the other attorneys appointed hereby) her lawful attorneys,
and each of them her true and lawful attorney, with power to act
without the other, and with full power of substitution and
resubstitution, to prepare, execute and file, or cause to be
prepared, executed and filed, with the U.S. Securities and
Exchange Commission (the "SEC") for her and in her name in
connection with certain transactions in common stock, par value
$.01 per share (the "Common Stock"), of the Company:

the Initial Statement of Beneficial Ownership of Securities on
Form 3, any Statement of Changes in Beneficial Ownership on Form
4 and any Annual Statement of Changes in Beneficial Ownership on
Form 5, or any similar or successor form, which may be required
to be filed by her pursuant to Section 16 of the Securities
Exchange Act of 1934, as amended;
one or more Forms 144, or amendments to Form 144, relating to
any sales orders (including in connection with the exercise of
options to purchase Common Stock), orally or electronically, to
sell shares of Common Stock to the public from time to time in
accordance with Rule 144 under the Securities Act of 1933, as
amended; and
any and all instruments necessary or incidental to any action
listed above, including communications to the SEC, The New York
Stock Exchange and state securities law authorities.

The undersigned hereby grants unto said attorneys and each of
them full power and authority to do and perform in the name and
on behalf of the undersigned, and in any and all capacities,
every act and thing whatsoever required or necessary to be done
in and about the premises, as fully and to all intents and
purposes as the undersigned might or could do in person, hereby
ratifying and approving the act of said attorneys and each of
them.

This power of attorney shall not be affected by the subsequent
disability or incompetence of the principal. This power of
attorney shall remain in full force and effect until either
revoked in writing by the undersigned or, with respect to any
attorney, until such time as said attorney ceases to be an
employee of the Company or one of its affiliates, if earlier.

IN WITNESS thereof the undersigned hereunto signed her name this
17 day of September, 2019.

/s/ Elizabeth M. Hammack