Goldman Sachs said on Friday that the former President of the European Commission, José Manuel Barroso, is to join the bank as an advisor.
In a press release Goldman said the Portuguese national will also serve as a non-executive chairman of the investment bank's international arm.
Barroso served as president of the European Commission from 2004 to 2014, and as prime minister of Portugal from 2002 to 2004.
According to a report in the Financial Times the 60-year-old is being hired to help the investment bank wade through the fallout from Brexit.
However Goldman Sachs played that down, telling CNBC by telephone that talks with Barroso had been going on for about a year.