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Goldman Sachs names 2 presidents to succeed Cohn

Goldman Sachs Group Inc. has named two successors to Gary Cohn, who had served as president and COO but is leaving the investment bank to direct the National Economic Council in the Trump administration.

David Solomon and Harvey Schwartz were named presidents and co-COOs. Schwartz is the company's CFO, and he will remain in that role through the end of April 2017. Solomon is co-head of the investment banking division.

R. Martin Chavez, who is the company's chief information officer, was named deputy CFO. He will take over from Schwartz as CFO in April 2017.

In addition, Richard Gnodde and Pablo Salame were named vice chairmen, effective Jan. 1, 2017. Gnodde will continue to be co-CEO of Goldman Sachs International and co-head of the investment banking division, and Salame will continue to be global co-head of the securities division, in addition to their new roles as vice chairmen.