27 Sep '16, 11am

Goldman Sachs' top Southeast Asia investment banker to leave

SINGAPORE The head of Goldman Sachs' (GS.N ) investment banking division in Southeast Asia, Michael Smith, is set to leave the bank, two people familiar with the matter said on Tuesday. Based in Singapore, Smith is a partner at Goldman and also heads the bank's Asian real estate investment banking team. Smith, who has been with the Wall Street bank since 2006, will leave later this year, one of the sources said. Smith was previously a banker at UBS for about a decade. His departure is not connected to Goldman's downsizing of the Asian team, the second source said. The sources said he was quitting the investment banking industry. Reuters reported last week that Goldman was planning to cut almost 30 percent of its 300 investment banking jobs in Asia outside Japan, in response to a fall in activity in the region. Goldman and Smith declined to comment. The sources declined to ...

Full article: http://www.reuters.com/article/us-goldman-sachs-singapore...

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SINGAPORE Goldman Sachs' (GS.N ) head of investment banking division in Southeast Asia, Michael Smith, is set to leave the...

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