Baku - APA-Economics. Goldman Sachs has hired the former head of the European Commission José Manuel Barroso to help it through the fallout from the UK’s shock decision to quit the EU, Financial Times reported.
The Wall Street investment bank announced on Friday that Mr Barroso is joining as non-executive chairman of London-based Goldman Sachs International (GSI), the bank’s largest subsidiary. He will also be an adviser.
The former Portuguese prime minister led the commission from 2004-14, a period that included the financial crisis. He was a key figure in many of the financial sector policies that followed, including banking union.