SINGAPORE--Goldman Sachs (GS) has cut its Singapore investment banking operations by about a third since the start of the year, leading to the departure of 10 to 12 bankers, a person familiar with the matter said Tuesday.

Among the bankers who have left are Ruben Bhagobati, head of Southeast Asia mergers and acquisitions, and Hsin Yue Yong, Southeast Asia head of investment banking. Singapore is the hub for Goldman's Southeast Asian operations, and where most of the top bankers for the region sit.

A spokeswoman at Goldman Sachs decline to comment.

The news was reported earlier by Bloomberg.

Write to P.R. Venkat at venkat.PR@wsj.com

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