Goldman’s Richdale latest to leave investment banking

Extending the streak of senior bankers who have left banking in recent years, the former Goldman Sachs co-chairman of Asia ex-Japan investment banking has joined private equity firm KKR.

Goldman Sachs’ Kate Richdale is the latest high-profile investment banker in Asia to leave the banking industry. KKR said on Monday that it had hired the veteran rainmaker as its head of strategy and business development in Asia-Pacific.

Richdale is putting an end to her investment banking career after 25 years in the industry, including a 13-year stint with Morgan Stanley and another six years with Goldman Sachs. She was most recently co-chairman of Asia ex-Japan investment banking with the US investment bank.

Her departure extends the list of management-level investment bankers that have moved to the buyside or into the corporate sector as Asia’s investment...

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