Former World Bank president rejoins Goldman Sachs

Wed Oct 9, 2013 1:43am IST

Former World Bank President Robert Zoelick waits for the start of a news conference on the launch of the new Congressional World Bank Caucus on Capitol Hill in Washington July 16, 2008. REUTERS/Jim Young/Files

Former World Bank President Robert Zoelick waits for the start of a news conference on the launch of the new Congressional World Bank Caucus on Capitol Hill in Washington July 16, 2008.

Credit: Reuters/Jim Young/Files

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REUTERS - Goldman Sachs Group Inc (GS.N) said on Monday that former World Bank Group President Robert Zoellick will rejoin the investment bank as chairman of its international advisory board.

The appointment marks Zoellick's second stint at Goldman Sachs. Before taking the helm of the World Bank in 2007, he served as vice chairman, international, at the bank.

Zoellick stepped down from the World Bank after his term ended in 2012. President Barack Obama tapped Dr. Jim Yong Kim, the former president of Dartmouth College, to replace him.

Since leaving the World Bank, Zoellick has also joined the board of Temasek Holdings, the sovereign wealth fund of Singapore, as well as the international advisory board of the Rolls-Royce Group RROYC.UL.

At Goldman Sachs, Zoellick will oversee an advisory board that helps identify sources of international business or investment for the bank's clients. Other members of the international advisory board include Otmar Issing, a former member of the executive board of the European Central Bank, and Erik ├ůsbrink, a former Swedish finance minister.

(Reporting by Peter Rudegeair; Editing by L Gevirtz and S Orlofsky)

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