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02-10-2016, 12:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Leaving the firm with slightly more than 200 bankers across Asia outside Japan.
Goldman Sachs is cutting almost 30% of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters.
The Wall Street bank is reducing the number of bankers working on mergers and acquisitions (M&A), and equity and debt capital markets deals, the sources said. It will be left with slightly more than 200 bankers across Asia.
Most of the jobs cuts are likely to take place in Hong Kong, Singapore and China, where Goldman’s main Asian offices are located, according to the sources, who said the process was underway.
A Goldman Sachs gs spokesman declined to comment.
http://fortune.com/2016/09/26/goldma...tment-bankers/ (http://fortune.com/2016/09/26/goldman-axing-asia-investment-bankers/)
Click here to view the whole thread at www.sammyboy.com (https://sammyboy.com/showthread.php?236080-Goldman-Sucks-To-Retrench-30-Of-Its-Asiatic-And-Sinkie-Staff!-AMDK-Ah-Neh-Can-Stay!&goto=newpost).
Leaving the firm with slightly more than 200 bankers across Asia outside Japan.
Goldman Sachs is cutting almost 30% of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters.
The Wall Street bank is reducing the number of bankers working on mergers and acquisitions (M&A), and equity and debt capital markets deals, the sources said. It will be left with slightly more than 200 bankers across Asia.
Most of the jobs cuts are likely to take place in Hong Kong, Singapore and China, where Goldman’s main Asian offices are located, according to the sources, who said the process was underway.
A Goldman Sachs gs spokesman declined to comment.
http://fortune.com/2016/09/26/goldma...tment-bankers/ (http://fortune.com/2016/09/26/goldman-axing-asia-investment-bankers/)
Click here to view the whole thread at www.sammyboy.com (https://sammyboy.com/showthread.php?236080-Goldman-Sucks-To-Retrench-30-Of-Its-Asiatic-And-Sinkie-Staff!-AMDK-Ah-Neh-Can-Stay!&goto=newpost).