Goldman Consolidates Asia IB Businesses, Boosts Regional Synergy

The Goldman Sachs Group (GS) is combining its three separate investment banking (IB) businesses in Asia into a single unit to integrate its regional deal advisory and capital market capabilities, according to a memo reviewed by Reuters.Details of GS’s Integrated Asian IB UnitsIain Drayto, currently head of investment banking in Asia, excluding Japan, will lead the newly unified Asia Pacific investment banking division, per an internal memo.  In his new role, Drayto will collaborate closely with executives i ...