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Goldman Sachs confirms that they have a new CEO

The Wall Street Journal has reported that Goldman Sachs has named its new CEO, according to people familiar with the matter.

The announcement came just hours after the news outlet reported that the firm’s board had approved a hiring plan for the new CEO.

The move would mark the first time that the company has hired a new executive in over two years.

The Wall Street Group, which has a global presence, is the largest private equity firm in the world and owns about half of the Dow Jones Industrial Average.