Goldman Cuts Investment Banking Staff In Singapore
March 03 2015 - 11:23AM
Dow Jones News
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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