US investment bank Goldman Sachs said it had hired former president of the European Commission José Manuel Barroso to advise, when the financial sector was shaken by fears over Brexit.
The Portuguese occupy the functions of non-executive chairman of Goldman Sachs international, international branch of the American group based in London, and advisor of Goldman Sachs, the bank said in a statement.
“José Manuel will provide analysis and immense experience to Goldman Sachs, including a deep understanding of Europe. We look forward to working with him as we continue to help our customers evolve within an economic environment and uncertain and difficult market, “have said Michael Sherwood and Richard Gnodde, Joint Managing Directors of Goldman Sachs International, quoted in the release.
Prime Minister of Portugal from 2002 to 2004, Barroso has held the presidency of the European Commission from 2004 to 2014 during which Europe and the world were shaken by the serious financial crisis of 2008.
the British decision to leave the European Union, taken at the June 23 referendum, caused a access to market panic, investors fearing the uncertainty resulting from Brexit and consequences on the economy.
the major US banks that have significant operations in the financial center of London , worry about the consequences of this British outlet for their access to the single market
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