Goldman's Entwistle to step down as Southeast Asia head -memo
Hong Kong (Reuters) - The head of Goldman Sachs Group Inc's (GS.N) Southeast Asian operations is set to step down and move to a new position as an advisory director for the bank at the end of the year, according to company memo obtained by Reuters.
Goldman has not yet named a new Southeast Asia chairman to succeed L. Brooks Entwistle, 45, who is known for his work in establishing Goldman Sachs' Indian business, a process he began when he moved to Mumbai in 2006.
Entwistle remained in Mumbai as India country head until early 2011 when he moved to Singapore.
Southeast Asia has become increasingly important for investment banks as deal volume in the region booms while activity for other regions wanes. Goldman Sachs relocated high-profile capital markets banker Steven Barg to Singapore in July to become co-head of investment banking Southeast Asia, alongside Hsin Yue Yong.
A spokesman for the bank confirmed the contents of the memo. (Reporting by Lawrence White; Editing by Edwina Gibbs)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Mumbai hit by big power cuts after technical glitch at Tata Power unit
- Japan and India vow to boost defence ties during summit
- Sensex surges past 27,000 to third consecutive life high
- Putin comment on "taking Kiev in 2 weeks" taken out of context - aide
The BSE Sensex on Tuesday breached the psychologically key level of 27,000 points for the first time to hit its third consecutive record high as blue-chips such as HDFC Bank gained after recent data raises hopes about the economy. Full Article