Goldman Sachs Group, an international investment banking, securities and investment management firm, has appointed Stephen Scherr as the chief strategy officer.
Scherr will replace Andrew Chisolm, who will retire after nearly 30 years. He will assume his new role at the start of 2015.
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Scherr, who has been working as global head of Goldman’s financing group within the investment banking division since 2008, will continue to maintain his role as head of Latin America.
In addition, he will continue to serve on committees overseeing Goldman’s risk, capital and growth markets.
In his new role, Scherr will focus on exploring opportunities to boost revenue income although the general market conditions don’t improve in the near future.
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