By Selena Li
Hong Kong (Reuters) -Goldman Sachs merges three Asian investment banking companies which it previously managed separately into a single unit to integrate its consultancy and regional transaction market capacities, according to a memo examined by Reuters.
Iain Drayton, head of the Wall Street Bank investment bank company in Asia, excluding Japan, will lead the Integrated Investment Bank Unit in Asia-Pacific, said the internal memo published Thursday.
A spokesperson for the bank confirmed the contents of the memo.
“This structure will allow a more holistic commitment of customers, a more effective deployment of global and regional expertise, and increased career opportunities for our employees,” said Goldman Sachs in the memo.
In the new role, Drayton will work in close collaboration with Yoshihiko Yano and Shogo Matsuzawa, Investment Bank Coditors in Japan, and Nick Sims and Zac Fletcher, corporate consultative co-chefs in Australia and New Zealand, said the memo.
Vétéran de Goldman Sachs, Drayton, joined the Tokyo cabinet as managing director in 2006, moved to Hong Kong in 2010 and was appointed partner in 2014.
Goldman Sachs ranks at the top of the equity market league table in Asia-Pacific this year, according to Dealogic data.
(Report by Selena Li; edition by Sameet Chatterjee, Jacqueline Wong and Kate Mayberry)
