Sir Bradley Fried will replace Jose Manuel Barroso, the former European Commission president, as chairman of Goldman Sachs International in February, Sky News learns.
Goldman has, however, increased its headcount on the Continent since Mr Barroso was appointed as GSI chair in 2016.
On Saturday, it was unclear how many of those prospective redundancies might affect its UK-based operations. He was previously chief executive of Investec Bank, a partner at McKinsey, the global management consulting firm, and was a co-founder of Grovepoint Capital, a private investment firm.
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