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Goldman appoints wealth management head in Europe

LONDON: U.S. investment bank Goldman Sachs Group Inc.said on Monday it had appointed Sylvain Hefes as the head of its European wealth management business.

Goldman Sachs International said in a statement released in London that Philippe Altuzarra and Jean-Luc Biamonti would take on Hefes' role and become co-heads of its investment banking effort in the French region, which includes Belgium.

Reuben Jeffrey will remain the head of Goldman's Paris office and oversee its cross divisional business. Both Hefes and Jeffrey will maintain relationships with a few key clients. "Wealth management is becoming one of our fastest growing businesses, Sylvain will help lead this growth in Europe," said Peter Weinberg, Goldman's co-Chief Executive Officer in Europe.-Reuters