Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Goldman Sachs Asia Fund Chairman Bolitho to Leave Company

Oliver Bolitho, chairman of Goldman Sachs Group Inc.’s fund management division in Asia, is leaving after 15 years at the company, according to an internal memo.

Bolitho will become an advisory director after his retirement at the end of the year, according to the Nov. 4 memo obtained by Bloomberg. Christopher Jun, a spokesman for Goldman Sachs in Seoul, confirmed the contents of the memo.

Bolitho, a U.K. citizen, served as head of Goldman Sachs’s U.K. and Irish institutional business from 2001 until moving to Hong Kong in 2007 to run the fund business in Asia outside of Japan. A partner since 2008, Bolitho became chairman of Goldman Sachs Asset Management last year.

His departure comes almost a year after Goldman Sachs Asset Management moved Sheila Patel to Singapore from London to lead the fund business in Asia outside of Japan and said that Bolitho would report to Patel.

Goldman Sachs had $878 billion of assets under management as of Sept. 30, according to the New York-based company’s third-quarter earnings report. The company doesn’t report how much of that is in Asia.

AsianInvestor, a Hong Kong-based trade journal, reported Bolitho’s pending departure on its website earlier today.

Goldman Sachs Asset Management runs hedge funds, private equity and real estate investments alongside those in fixed income, stocks, money markets and commodities, according to its website. The unit employs more than 700 investment specialists in 32 offices worldwide.

Goldman Sachs agreed to buy Benchmark Asset Management Co., India’s largest provider of index-tracking funds, in March 2011, after setting up its own mutual-fund unit in the country in 2008.

It also teamed up with RHB Capital Bhd., Malaysia’s fifth-largest banking group, in 2010 to jointly develop fund management products.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.