Feb 27 (Reuters) - Goldman Sachs ( GS ) has tweaked its

diversity initiatives in light of certain developments in the

law in the U.S., the Wall Street bank said on Thursday.

"We have made certain adjustments to reflect developments in

the law in the U.S. We strongly believe that merit and diversity

are not mutually exclusive," CEO David Solomon said.

(Reporting by Arasu Kannagi Basil in Bengaluru)