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Goldman creates new Southeast Asia banking head

SINGAPORE, Nov 29 (Reuters) - Goldman Sachs GS.N has created a new position of chairman for Southeast Asia to oversee its investment banking, private equity and wealth management businesses in the region, sources said.

David Ryan, previously head of the Wall Street bank’s financing group in Asia excluding Japan, will relocate from Hong Kong to Singapore for the post, which is aimed at coordinating the activities of the bank’s different businesses, a source said.

He will continue to work with the firm’s financing group, which oversees capital market transactions, said an internal note seen by Reuters.

Dan Dees, who headed Goldman’s financial group in Japan, will relocate from Tokyo to Hong Kong as head of the financing group for the whole of Asia, the note said.

Goldman Sachs was ranked sixth on the league table for advisors on mergers and acquisitions in Southeast Asia, according to data provider Dealogic. JPMorgan JPM.N led the league table.

Singapore's DBS Group DBSM.SI is Southeast Asia's largest lender by assets. (Reporting by Saeed Azhar, editing by Neil Chatterjee)

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