Following reports in finews.asia earlier this week that Goldman Sachs is said to cut dealmaker jobs, the head of the Investment Bank for Southeast Asia is said to be about to leave the firm.
Investment banks are grappling with a regional slowdown that has seen revenues from initial public offerings, mergers and acquisitions and debt offerings all fall by double-digits this year.
According to a report from international news agency Reuters Michael Smith (pictured) the head of Goldman Sachs' Investment Banking division in Southeast Asia, is about to leave the firm.
Based in Singapore, Smith is a partner at Goldman Sachs and also heads the bank's Asian Real Estate Investment Banking team.
