A former banker at Goldman Sachs has been appointed to the board of directors of Borr Drilling Limited, the Bermudian-based oilfield services company.

Jeffrey Currie, who recently retired from Goldman after 27 years, is joined by company chief executive officer Patrick Schorn as a new member of the board.

Mr Schorn became CEO in September 2020 after serving as a director of the board since January 2018.

For the past 15 years, Mr Currie was a partner and the global head of commodities research at Goldman, where he was responsible for conducting research on commodity market dynamics in the context of corporate risk-management programmes, short and long-term commodity investment strategies, and asset allocation.

He also held roles as the European co-head of economics, commodities and strategy research between 2010 and 2012.

Since his retirement, Mr Currie has joined the board of Abaxx Technologies and The University of Chicago's Energy Policy Institute, where he serves as the chairman of the advisory board.

Mr Currie said: "After decades of analysing the trends that shape global commodity markets, I am now focused on the themes that are key to energy transition.

“One such theme is developing clean, fast-cycle production in the Middle East. Borr Drilling, a company I have known for years, can do this at scale with low costs.

“It owns the most modern fleet in the industry and focuses on quick payback and efficient shallow water wells in the world's most prolific reservoirs in an environmentally responsible manner."

Following these appointments, the Borr board of directors consists of seven members.