Goldman reveals key role

Marion Dakers
GOLDMAN Sachs is believed to have picked London-based vice chairman Michael Sherwood as the next chair of its influential partnership committee.

Sherwood, who is co-head of Goldman’s European business, would replace chief operating officer Gary Cohn as head of the panel, in the latest reshuffle at the top of the investment bank. The promotion has prompted speculation that Sherwood could eventually succeed Lloyd Blankfein, who once headed the panel, as chief executive.

Goldman staff are thought to have received an email yesterday announcing Sherwood as the next head of the partnership committee, which appoints new partners every second year.

Before becoming one of just three Goldman vice chairmen in 2008, Sherwood served as head of fixed income, currency and commodities in Europe, and later as securities co-head.

Goldman Sachs could not be reached for comment last night.