Thursday, May 7, 2009

Goldman Sachs exec, bank VP spend $5.55M in Key Biscayne

by Betty Verdun, published May 06, 2009 · ShareThis

Gary Schermerhorn and his wife, Miriam Esteve, bought a four-bedroom, five-bath condo at 791 Crandon Blvd. in Key Biscayne from Susan M. Jaramillo for $5.55 million on March 27.

Jaramillo paid $3.1 million for the property in Sept. 2001. The 6,584-square-foot Unit #208 is part of the Oceania condominium development, which is in the Key Biscayne Oceanfront neighborhood.

Schermerhorn has served as co-chief operating officer for the technology division of Goldman, Sachs & Co. Prior to that, he was a managing director of technology with Golman Sachs and a consulting manager at Accenture.

He earned an A.B. in computer science at the Harvard School of Engineering and Applied Sciences.

Esteve is executive vice president of operations and technology at U.S. Trust. Previously, she was head of operations and technology for the global wealth management at Citigroup.

Before that she worked with Deutsche Bank, where she held several technology positions including managing director and head of operations and technology. She also served as chief operating officer of the Japan Trust Bank and as a consultant at Andersen Consulting.

She received a B.A. in applied mathematics from Harvard College and an M.B.A. in operations management and marketing from Columbia University.

There were 118 condo sales in Key Biscayne in 2008, with a median price of $640,000.

Address: 791 Crandon Boulevard, #208
Buyer(s): Gary Schermerhorn and Miriam Esteve
Seller(s): Susan M Jaramillo
Sale date: 2009-03-27,_bank_VP_spend__5_55M_in_Key_Biscayne

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