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Departure will make David Solomon the sole contender to replace Lloyd Blankfein

The race to succeed Lloyd Blankfein as the chief executive of Goldman Sachs has narrowed to one candidate after the surprise departure of one of the US investment bank’s top executives.

Harvey Schwartz, the 54-year-old president and co-chief operating officer, has decided to step down on 20 April, leaving David Solomon, 56, as sole president and chief operating officer, the bank announced.

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from US news | The Guardian http://ift.tt/2GiWhIv