The Malaysian-born Goldman Sachs banker who was instrumental
in advising the setting up of 1Malaysia Development Bhd
and helped in its debt issuing spree in the past five
years has left the US bank.
A Goldman Sachs spokesman confirmed to The Edge that
Singapore-based managing director Roger Ng had resigned in April
to "do his own thing". Last Friday was his last day at the bank.
Several sources who spoke to The Edge confirmed that he had
been planning to leave for sometime. "He was not fired or asked
to leave," said one banker who was aware of his resignation. At
the time of his resignation, Ng was head of Goldman's
Southeast-Asian sales and trading unit for fixed income,
currencies and commodities.
Said to be politically well-connected, he was the principal
person behind Goldman's success in handling close to $8 billion
in various bonds that were issued by Malaysian entities since
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.