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A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia.

David Gray | Reuters

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Goldman Sachs named Denis Coleman the bank’s new chief financial officer beginning next year.

Coleman, the current co-head of the firm’s Global Financing Group, will take over for Stephen Scherr, who is stepping down as CFO at year-end, Goldman said Tuesday in a release.

“Denis has consistently proven himself through his strong judgment and operational capability across roles of increasing responsibility and we look forward to his contributions to the firm as Chief Financial Officer,” Goldman CEO David Solomon said in the release.

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