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James Wolfensohn, Who Served as World Bank President, Dies at 86

  • His reforms made him known as a ‘hero to the world’s poor’
  • He was head of investment banking at Salomon in the 1970s
James Wolfensohn
James WolfensohnPhotographer: David Scull/Bloomberg

James Wolfensohn, the onetime Salomon Brothers partner who was appointed by U.S. President Bill Clinton to head the World Bank and became one of its longest-serving leaders, has died. He was 86.

Wolfensohn died Tuesday, according to the Institute for Advanced Study, where he served as a past board chairman. No cause was cited.