Goldman Sachs restructures PIA in Asia

Ankur Sahu and Andrew Wolff will co-head the principal investment area of Goldman Sachs in Asia, in a restructuring that sees the bank cover Asia, including Japan, out of Hong Kong and Mumbai.

Goldman Sachs has reorganised its principal investing division in the region to encompass Asia, including India and Japan, and appointed Ankur Sahu and Andrew Wolff to head the business. The announcement was made in an internal memo which said the organisational changes are “aimed at increasing Goldman Sachs’ commitment to the strategically important Asia region’. The reorganisation comes at a time when analysts are questioning what the implications of enhanced US legislation and increased capital requirements will be on principal businesses at Goldman Sachs.

Wolff and Sahu are both veterans in the principal investment area PIA of Goldman Sachs, which is charged with pursuing corporate investments worldwide. The capital it invests is proprietary,...

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