‘Government Sachs’ Is Back as Germany Promotes Goldman Alumnus

A former Goldman Sachs Group Inc. executive is once again sitting at the top table of international economic policymaking.

With the appointment of Joerg Kukies as Germany’s new finance minister, there’s a near unbroken record of Goldman Sachs alumnus serving as prime minister, finance minister or central bank chief in at least one Group of Seven nation since early-2006.

That run has earned the bank the nickname “Government Sachs.” Over the last two decades, as many as three Goldman Sachs officials have attended G-7 finance meetings at one time. Kukies, who previously held the role as co-head of the ...