U.S. investment bank, Goldman Sachs sub-Saharan Africa chief executive (CEO) Colin Coleman, would retire from the firm at the end of the year. Coleman headed Goldman’s Johannesburg office since 2000 and is one of the country’s best-connected bankers. He built a strong connect with senior government officials and industry representatives. He also has close contacts with the African National Congress (ANC) since being involved in the anti-apartheid movement in the 1980s. The name of his replacement is still wrapped in secrecy. Coleman will become a senior fellow and lecturer at Yale University’s Jackson Institute for Global Affairs, splitting his time between South Africa and the United States. In the meantime, Goldman Sachs is seeking a South African banking license for beefing up its operations in Africa. His departure, analysts say, will not affect the operations of the bank.
