Goldman Sachs hires former EU chief José Manuel Barroso

Former head of the European Commission to chair bank’s international subsidiary. (Financial Times)

Barroso served as EC president from 2004 to 2014, and before that was prime minister of Portugal from 2002 to 2004. (Reuters)

However Goldman Sachs played that down, telling CNBC by telephone that talks with Barroso had been going on for about a year.