Goldman Sachs Group Inc. said Monday that Harvey Schwartz, one of two heirs apparent to Chief Executive Lloyd Blankfein, would leave the firm, setting up David Solomon as its next CEO. Mr. Schwartz will retire on April 20, and Mr. Solomon will become the sole operating chief and president. The two men were jointly elevated to the roles in December 2016, in direct competition for one of the most-coveted jobs on Wall Street.

Source: Wall Street Journal March 12, 2018 13:15 UTC