Key facts
- Michael Sherwood is leaving Goldman Sachs after 30 years.
- He was co-head of the bank's European operations.
- Sherwood plans to focus on charitable activities.
- He was paid $21 million last year.
- His stake in the company is worth over $70 million.
Michael Sherwood, one of the City's most influential bankers, is leaving Goldman Sachs after a 30-year career with the US bank. Sherwood, who was co-head of Goldman's European business, plans to focus on charitable activities. He was paid $21 million last year and his stake in the company is worth more than $70 million. Sherwood appeared before MPs investigating the collapse of the retailer BHS, but stated his departure was not connected to the controversy. He was considered a candidate to replace Goldman CEO Lloyd Blankfein.