Kathleen Brown, who helped lead Goldman Sachs Group Inc.’s municipal finance business after serving as California’s state treasurer, is retiring after 12 years with the firm.
Bloomberg reports that Brown, 67, was chairman of investment banking for the Midwest, according to a memo from Richard J. Gnodde, David Solomon and John S. Weinberg, the firm’s co-heads of investment banking.
'Kathleen has played an integral role in building the firm’s public sector and infrastructure franchise', the memo reads. 'She has developed trusted relationships with many of the firm’s clients and has led many important transactions'.
In the meantime, The Wall Street Journal's MONEYBEAT column reports that HSBC Global Asset Management Tuesday named Sanjiv Duggal the head of Asian and Indian equities as the London-listed global investment group looks to expand its Asian equities presence.
Duggal, currently the Investment Director at HSBC Asset Management, Singapore and the lead manager of the HGIF Indian Equity fund, has been with HSBC Global for over 17 years and will move to Hong Kong in his new role.
Kulkarni was previously in charge of rates volatility trading at Credit Suisse in New York, according to the person, who asked not to be identified because the move hasn’t been made public. He will report to Jeff Michaels, head of macro products in the Americas, the person said.