Saturday 25 February 2017

Peter Sutherland retires from Goldman Sachs

Patrick Edwards

Peter Sutherland
Peter Sutherland

Peter Sutherland is to retire as non-executive chairman of Goldman Sachs International after 20 years.

The former director general of the World Trade Organisation will step down from the broker next month to focus on his work with the United Nations where he promotes the interests of migrants, according to a memo sent to staff yesterday.

The memo said Mr Sutherland will still retain some links with the company and offer strategic advice.

Mr Sutherland has spent an increasing amount of time on charitable causes related to the UN and the Catholic Church in recent years but he made a fortune as a partner in Goldman Sachs when the company floated on the stock exchange.

He was also chairman of oil giant BP for 13 years and chairman of Allied Irish Banks from 1989 to 1993.

Mr Sutherland has received dozens of awards including a papal knighthood in 2008.

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