Goldman Sachs said on Monday that Aaron Arth and Iain Drayton will become co-chief operating officers of its investment banking division in Asia excluding Japan, according to a memo seen by FinanceAsia.
Goldman’s senior management team has been through a major shakeup in Asia this year as a scandal surrounding the New York-headquartered firm’s involvement at the Malaysian state investment fund 1MDB has grown.
In their expanded roles, Arth and Drayton will work closely with Todd Leland to drive commercial initiatives. They will continue to maintain their respective product and coverage responsibilities.
Arth heads Goldman’s financing group in Asia excluding...