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By Dakin Campbell

March 9, 2018 at 5:03 PM UTC

Updated on

March 9, 2018 at 7:45 PM UTC

This article is for subscribers only.

Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein plans to step down as soon as the end of this year, the Wall Street Journal reported.

The investment bank intends to replace Blankfein, 63, with one of its two co-presidents, David Solomon or Harvey Schwartz, the newspaper said Friday, citing people familiar with the matter that it didn’t identify. A spokesman for New York-based Goldman Sachs declined to comment.