Goldman Sachs (GS.N) co-head of investment banking for Asia, Ravi Sinha, is retiring from the bank in June and will be replaced by David Ryan, currently the investment bank's chairman for Southeast Asia, a source familiar with the move said on Tuesday.
Sinha, who has been a partner for 10 years, will remain an advisory director for Goldman, while he pursues his own projects, the source told Reuters. The source declined to be named because because the matter has not been made public. 

 

Goldman Sachs declined to comment on the move, which was first reported by FinanceAsia on Tuesday. 

 

Ryan was head of the Asia ex-Japan financing group at Goldman Sachs until late 2007 when he moved to Singapore to become chairman for Southeast Asia, FinanceAsia reported.