Goldman Sachs realigns regional PE operations

Goldman Sachs currently manages three separate private equity divisions: Japan, Asia ex-Japan, and India. Under the realignment, the three geographies will be consolidated into one unit, aimed at better synchronizing operations across the region. Sahu (pictured) will relocate to Mumbai from Tokyo, where he led the firm's Japan private equity business, to assume the role of co-head of private equity with Hong Kong-based Wolff.

Last month, news surfaced that the US firm would restructure it PE business. Under that proposal, Goldman Sachs aimed to more clearly divide its activities to ensure that its investments are separate from the bank's activities on behalf of institutional clients, prompted by a call for transparancy by financial regulators. AVCJ reported that Goldman Sachs' existing three business arms would be divided into four groups, with private equity under a newly established division: Investing & Lending. It had been housed under the Trading and Principal Investments segment, one of the groups that has come under fire in the fallout of the GFC.

Among the firm's more prominent PE transactions of late was the exit of its 44.7% stake in Japanese golf course operator, Accordia Golf, in January.

 

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• Topics
• North Asia
• South Asia
• People
• Goldman Sachs
• Ankur A. Sahu
• Andrew E. Wolff