A former co-head of UK investment banking at Goldman Sachs is retiring from the US investment bank after 27 years at the firm, according to a memo sent to staff.

Richard Campbell-Breeden, who joined Goldman Sachs in 1989 in the mergers and acquisitions team in New York, is leaving the firm, according to the September 19 memo. The memo was signed by Goldman Sachs's global co-heads of investment banking Richard Gnodde, David Solomon and John Waldron.