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Goldman Sachs Moves Kathleen Brown to Midwest Role

Kathleen Brown, who runs the West Coast municipal finance team at Goldman Sachs Group Inc., will move to a newly created post in Chicago after her brother Jerry Brown was elected last month as California’s next governor.

Brown, 65, will become chairman of investment banking for the Midwest, New York-based Goldman Sachs said in an internal memo today. The former California state treasurer, whose brother and father both served as the state’s governor, joined Goldman in 2001. Michael DuVally, a spokesman for the firm, confirmed the contents of the memo, which was signed by David Solomon and John S. Weinberg, co-heads of investment banking.