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Goldman's Entwistle to step down as Southeast Asia head -memo

GOLDMAN-ENTWISTLE:Goldman's Entwistle to step down as Southeast Asia head -memo

Reuters  |  Hong Kong  

The head of Sachs Group Inc's 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.

has not yet named a new Southeast Asia chairman to succeed L. Brooks Entwistle, 45, who is known for his work in establishing Sachs' Indian business, a process he began when he moved to Mumbai in 2006.

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. Sachs relocated high-profile capital markets banker Steven Barg to Singapore in July to become co-head of investment Southeast Asia, alongside Hsin Yue Yong.

A spokesman for the bank confirmed the contents of the memo.

First Published: Mon, November 12 2012. 11:23 IST