Dimitrios Kavvathas, a Goldman Sachs Group Inc. (GS) partner, co-head of Asia Pacific excluding Japan securities distribution, and head of structuring in the region, will retire, according to an internal memo seen by Bloomberg.
Separately, James Houghton, also a partner, will become head of Asia Pacific ex-Japan fixed income, commodities and currencies distribution, according to a separate memo seen by Bloomberg. The contents of both documents were confirmed by Connie Ling, a spokeswoman at Goldman Sachs in Hong Kong.
Kavvathas joined Goldman Sachs in 2001 on the interest rate hedge fund sales desk in London and in 2008 became co-head of Europe, Middle East and Africa credit flow sales. He took over equity derivatives and credit distribution across Asia when he moved to Hong Kong in 2009, according to the memo. He was named managing director in 2005 and partner in 2008.
Houghton moved to Hong Kong at the end of last year and became head of Asia Pacific ex-Japan macro sales. He previously led hedge fund coverage for interest-rate products in the Americas, according to the second memo. He was named managing director in 2005 and partner in 2008.
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org