Goldman Sachs' Michael Sherwood to appear before BHS inquiry

Goldman Sachs' European vice chairman Michael Sherwood will be attending the parliamentary inquiry into the collapse of high street retailer BHS, a year after the troubled chain was sold by his client Sir Philip Green.

Anthony Gutman, co-head of European investment banking services at Goldman Sachs, who has already given evidence once, and Michael Casey, a London-based managing director at the bank, are also expected to appear, a spokesman confirmed.

The hearing is likely to be held before 28 June. Sir Philip gave evidence on Wednesday (15 June).

Goldman Sachs had earlier said there was no reason to believe its employees would be "able to provide the committees with any fresh evidence". Its stance was to provide written evidence to any questions from members of parliament.

Subsequent evidence provided by Goldman Sachs, and by Gutman in person, indicated that executives had 95 contacts with people outside the bank as part of their role on the BHS deal.

MPs now want to "explore the nature and history of the relationship between Sir Philip, Goldman Sachs and its executives".

Separately, Iain Wright MP, chairman of the business select committee, told BBC Radio 5 Live that Lady Tina Green, Sir Philip's wife and a stakeholder in his business, was "unlikely" to be called before his committee.

BHS collapsed into administration a year after Sir Philip sold it for £1 to a consortium led by Dominic Chappell, with a gaping £275m ($387m) pensions deficit, according initial estimates.