From Investing.com: 2025-05-21 23:45:00

Goldman Sachs has announced the merging of its Asia investment banking units to streamline operations and improve efficiency. The move comes as part of the company’s efforts to adapt to changing market conditions and optimize its business structure. As a result of the consolidation, Kate Richdale will step down as co-head of investment banking in Asia.

In line with the restructuring, Goldman Sachs has appointed Stephen Drayton as the new head of Asia-Pacific investment banking. Drayton, who has been with the company for over two decades, brings a wealth of experience and expertise to the role. His leadership is expected to drive growth and enhance the firm’s presence in the region.

The consolidation of Goldman Sachs’ Asia investment banking units is aimed at strengthening its position in the competitive market and maximizing opportunities for growth. By combining resources and expertise, the company seeks to deliver enhanced services to clients and drive business expansion. The move reflects a strategic approach to navigating the evolving landscape of the financial industry.



Read more at Investing.com: Goldman Sachs combines Asia investment banking units, names Drayton APAC head