Top Goldman Sachs banker quits UK after non-dom change
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A top Goldman Sachs banker is moving to Milan as London struggles to maintain its stature
Richard Gnodde is a top Goldman Sachs banker.Leon Neal/Getty ImagesGoldman Sachs' vice chair, Richard Gnodde, is planning to leave the UK for Italy.He is the latest wealthy individual to depart Britain since changes to taxes on foreign earnings were announced.The UK is set to lose almost a fifth of its millionaires by 2028, a recent UBS report found.A top London-based Goldman Sachs executive is planning to depart the UK in another blow to the Ci…
Exclusive: Goldman Sachs International boss joins non-dom exodus
Goldman Sachs’ most senior banker outside America is joining the growing ranks of wealthy foreigners leaving the UK to avoid the government’s crackdown on non-doms, City AM can reveal. Richard Gnodde, the investment banking juggernaut’s vice chairman, is moving to Milan to avoid changes the Chancellor made to the non-dom regime and foreign-held trusts in last October’s Budget, two people familiar with the matter have said. The South African bank…
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