Goldman Sachs CFO Stephen Scherr to Retire

Goldman Sachs Group Inc . Chief Financial Officer Stephen Scherr is retiring from the Wall Street powerhouse.

Mr. Scherr, who led the firm’s yearslong push into Main Street banking before being named CFO in 2018, will leave at the end of the year. He will be succeeded by Denis Coleman, a leveraged-finance banker who has spent 25 years at the firm.

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