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Saturday, January 3, 2015

MOVES-Former White House press aide exits TPG, (NYSE: GS)

Adam Levine, a former assistant press secretary for U.S. President George W. Bush, has left his position as managing director of global public affairs at TPG Capital LP, a spokesman for the private equity firm said on Saturday. Levine left TPG effective Dec. 31, said Owen Blicksilver, president of Owen Blicksilver PR Inc, a public relations firm that represents TPG. TPG has not yet appointed someone to replace Levine, Blicksilver added.Levine said by email that he had decided to go back into politics but he was not yet ready to announce his next move.Levine, a former television producer, joined TPG in 2008 after providing it public relations advice on the $45 billion takeover of Texas power utility Energy Future Holdings , the largest leveraged takeover in history. Energy Future filed for bankruptcy protection last year.Previously, Levine served as vice president for corporate communications at investment bank Goldman Sachs Group Inc . Before this, he served as assistant White House press secretary and director of television news for Bush.

The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 0.3% or $0.58/share to $194.41. In the past year, the shares have traded as low as $151.65 and as high as $198.06. On average, 2986180 shares of GS exchange hands on a given day and today's volume is recorded at 1877748.