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The first year-end message by Goldman Sachs Group Inc.’s new chief executive officer was a somber one, with David Solomon defending the firm’s role in a corruption scandal that’s cast a pall over his first months in charge.

But he did point to one bright spot: progress on the bank’s pledge to fund more female entrepreneurs. Goldman has made more than $100 million in investments in women-led companies, including a Chinese pediatrics company and a New York-based retailer.

Image: Bloomberg News - Sarah Friaris the CEO of Nextdoor.com Inc. and was previously chief financial officer of electronic-payments company Square Inc.