Goldman Sachs has hired José Manuel Barroso, the former head of the European Commission.
Barroso has been appointed as non-executive chairman of Goldman Sachs International. He will also be an advisor to the firm, and will help it through the fallout from the UK’s shock decision to quit the EU, Financial Times reported.
Barroso Manuel served as president of the European Commission from 2004 to 2014, and as prime minister of Portugal from 2002 to 2004.
Having first been elected to the Portuguese Parliament in 1985, José Manuel served as state secretary for home affairs, state secretary for foreign affairs and cooperation, and minister for foreign affairs in successive governments.
In 1999, he was elected president of the Social Democratic Party and became the leader of the opposition. Prior to his political career, José Manuel’s academic positions included visiting professor at Georgetown University.
Barroso has been awarded numerous honorary degrees and has received more than 60 decorations, prizes and honors, including Portugal’s Gra-Cruz da Ordem Militar de Cristo and Grande Colar da Ordem do Infante Dom Henrique.
“His perspective, judgment and counsel will add great value to our GSI Board of Directors, Goldman Sachs, our shareholders and our people,” the firm said.