By Dow Jones Business News,
June 02, 2014, 01:56:00 PM EDT
By Julie Steinberg
Andrew Chisholm, senior strategy officer at Goldman Sachs Group Inc., will retire at the end of the year, the firm
Mr. Chisholm will become an advisory director at the end of the year and be succeeded by Stephen Scherr, an
executive in Goldman's investment-banking division, according to firm memos reviewed by The Wall Street Journal.
As part of his responsibilities, Mr. Chisholm worked with Goldman Chief Executive Lloyd Blankfein and members of
the management committee to determine strategies for the firm across its business lines.
Mr. Chisholm joined the firm in 1985 in New York as a mergers-and-acquisitions banker and also worked in London. He
was made managing director in 1996 and partner in 1998. He became senior strategy officer in 2012 after running the
financial-institutions group since 2003, a group he helped create, according to the memo.
Mr. Scherr, the global head of the firm's financing group since 2008, will keep his position as head of Latin
America. He will also help coordinate the firm's lending business, one of the memos said.
Mr. Scherr previously worked as chief operating officer of the telecom, media and technology group within the
investment bank and also served as chief operating officer for the investment-banking division. He was named managing
director in 2001 and partner in 2002.
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