Goldman Sachs Names Leland to Head Asia Ex-Japan Investment Bank
- Andrea Vella and Kate Richdale move to client-facing roles
- Raghav Maliah named global vice chair for investment banking
Photographer: Daniel Acker/Bloomberg
Goldman Sachs Group Inc. reshuffled its leadership in Asia-Pacific, with veteran Todd Leland taking over the investment banking operations and Kate Richdale and Andrea Vella giving up their management duties.
The Wall Street firm also named regional partner Raghav Maliah as global vice chairman for investment banking, according to internal memos released Sunday and Monday, whose contents were confirmed by a spokesman. Maliah will remain head of the region’s Technology, Media and Telecom Group.
The promotions come amid signs Goldman is strengthening its most profitable global unit, investment banking, and thinning the number of experienced trading executives under incoming Chief Executive Officer David Solomon. Goldman in September named Dan Dees -- a veteran who’s had stints across Asia and is also a part of the TMT group -- as global co-head of investment banking.