Goldman's strategy chief Scherr to head banking as well

May 13, 2016 6:17 PM

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Goldman Sachs Group Inc's Stephen Scherr will take on a new role as the firm's banking head, according to an internal memo seen by Reuters on Friday.

Scherr, who will maintain his current responsibilities as chief strategy officer, will replace Esta Stecher. Stecher will become non-executive chairman of the board of GS Bank USA.

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