Goldman Sachs Making Changes to Asia Banking Leadership

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Goldman’s investment banking chiefs in Asia, Andrea Vella and Kate Richdale, will no longer have management roles, according to a person familiar with the matter.

Vella and Richdale will be replaced by Todd Leland. Richdale will move into a role with more client exposure.

Other executives expected to take on bigger regional roles are Raghav Maliah, Goldman’s head of Asia technology banking; Aaron Arth, head of equity capital markets; and Iain Drayton, who covers private-equity funds and sovereign-wealth funds.

The changes were reported earlier by the Wall Street Journal.

– By Sarah Kopit

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