Oliver Bolitho will step down from the role at the end of the year after 15 years with GSAM.
The decision to base Sheila Patel in Singapore from next year as head of its international business is to split management between admin and client interests for a growth strategy.
Goldman Sachs Asset Management has appointed Sheila Patel as international head. She will relocate to Singapore and take over Asia Pacific ex-Japan leadership from Oliver Bolitho.
There is potential upside in equities, while the rise in passive investing is creating a bigger elephant for active managers to shoot at, say Bill Maldonado of HSBC and Oliver Bolitho of Goldman.
Goldman Sachs Asset Management has hired Masaki Taniguchi as its first head of product development for Asia-Pacific. It aims to tailor its regional offering, including to retail.
In a first-of-its-kind deal in Malaysia, Goldman Sachs Asset Management will work with local firm RHB Investment Management on product development and distribution.