Goldman takes stake in pension consultancy

Goldman Sachs has bought a minority stake in a pensions and asset management consultancy that provides analytical services for clients including the UK's Pension Protection Fund and Watson Wyatt.

The bank has taken a 34.8% share of Barrie & Hibbert, allowing the founders, Andrew Barrie and John Hibbert, to maintain majority control. The remainder of the Edinburgh-based company's equity is held by staff.

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