Goldman Sachs bolsters senior ranks in Asia

The US investment bank adds a co-president in Asia as the firm's attention shifts subtly from squeezing costs to hiring for growth.

Goldman Sachs has named Ken Hitchner chairman and chief executive officer of Goldman Sachs in Asia Pacific Ex-Japan after a flurry of visits from top management to the region, according to a memo seen by FinanceAsia on Tuesday.

Hitchner, 57-years old, replaces Mark Schwartz who stepped down as chairman of the region in 2016. Hitchner in turn will be replaced as president of Goldman Sachs in Asia Pacific ex-Japan by two bankers, James Paradise and Todd Leland.

Paradise is already based in Asia and runs the firm's biggest business in the region, securities.  Leland is moving to Asia from London.

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