Goldman Sachs has named new chief executives of its business in the Middle East, replacing a near 30-year bank veteran, in the latest senior reshuffle at the US bank.

The Wall Street banking giant has split the leadership of its Middle East, and North Africa unit between Fadi Abuali and Zaid Khaldi, following the retirement of  Wassim Younan, who set up Goldman's business in the region in 2006, according to two separate memos seen by Financial News.