Goldman Sachs's Gerald Corrigan Plans to Retire at End of May

E. Gerald Corrigan, a partner at Goldman Sachs Group Inc. and a former president of the Federal Reserve Bank of New York, plans to retire from the firm at the end of May.

Corrigan, 74, spent 22 years at Goldman Sachs and served as a senior strategic adviser, the New York-based company said Tuesday in an internal memo.

“We have benefited enormously from his leadership in the global financial community, experience as a central banker, extensive knowledge of the complexities of financial systems and exceptional judgment,” Chief Executive Officer Lloyd Blankfein and President Gary Cohn said in the memo.

Reuters reported Corrigan’s plan to retire on Tuesday.

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