Harvey Schwartz, CFO of Goldman Sachs is pictured in this undated handout photo from Goldman Sachs obtained by Reuters. REUTERS/Goldman Sachs/Handout

NEW YORK - Goldman Sachs Group Inc (GS.N) said on Monday that Harvey Schwartz, the bank’s President and co-Chief Operating Officer, will retire on April 20.

The bank said David Solomon will serve as sole president and Chief Operating Officer.

The Wall Street Journal reported on Friday that Goldman Sachs Chief Executive Officer Lloyd Blankfein was expected to retire and the bank was not looking beyond presidents and co-chief operating officers Harvey Schwartz and David Solomon to replace him.