Former ECB chief economist Issing accepts advisory post at Goldman Sachs

FRANKFURT (AFP) — Otmar Issing, the former chief economist of the European Central Bank, has announced in a newspaper interview that he had accepted an offer from Goldman Sachs to act as an international advisor to the US investment bank.

Issing, 70, insisted however that he would not be involved in the day-to-day running of Goldman Sachs, so there was no way he could be seen as coming into a conflict of interests.

His job at Goldman Sachs would be a "loose advisory position", which would in no way relate to the investment bank's operative business, Issing told the business daily Handelsblatt.

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