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Report: Goldman Sachs co-general counsel to leave in the coming weeks

Goldman Sachs Group Inc. co-General Counsel Gregory Palm is leaving the company in the coming weeks, Bloomberg News reported, citing people with knowledge of the matter.

Palm, who is now 70, was supposed to leave in 2018, but the company was placed under scrutiny for its alleged involvement in the 1Malaysia Development Bhd. scandal, the sources said.

Palm has been a partner before Goldman's initial public offering in 1999. Among the investment bank's employees, Palm holds the most stock with a kitty of a million shares, according to Bloomberg.