Goldman Sacks ?

Axe In Wood

Goldman Sachs is reducing the size of its investment-banking team in Singapore by about 30% compared with the start of the year, people with knowledge of the matter said.

Bloomberg News reports that Ruben Bhagobati, Goldman Sachs’s head of Southeast Asia mergers and acquisitions, and Singapore-based managing director Antoine Izard are among those departing the firm, according to the people.

About 15 people are leaving or have left the investment-banking team in Singapore since the beginning of January, the people said, asking not to be identified discussing confidential information.

The reductions go beyond the normal annual culling of underperformers, one of the people said. 

To access the complete Bloomberg News article hit the link below:

Goldman Said to Cut Singapore Investment Bank Jobs by 30%

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