Yusuf Alireza, who was promoted to co-President of Goldman Sachs Group’s operations in the Asia-Pacific region outside of Japan in January, it is leaving after 19 years with the company, according to an internal memo.
David Ryan will remain as President of the company, according to the memorandum of Goldman Sachs executives. Goldman Sachs Edward Naylor spokeswoman confirmed the content of the document.
Alireza, 41, is the highest output of Goldman Sachs in the region from Ravi Sinha, former manager of investment banking for Asia ex-Japan, resigned in April 2010.
Alireza was among four members based in Asia for the global management Committee of the company.
Goldman Sachs Asia net income decreased to 7.1 million dollars last year from 8.3 million in 2009, according to data compiled by Bloomberg.
Net income of Morgan Stanley in the region more doubled last year, to 4.3 million dollars. 18 Percent, Asia still represent a larger proportion of total income from Goldman to Morgan Stanley, which won 14 percent of its total in the region last year.
Alireza has no plans to join a rival company, said a person with knowledge of the matter, who did not want to be identified. GOLDMAN he promoted along with Ryan in January, with Alireza overseeing commercial transactions and Ryan focusing on advisory services as you mergers of organizing and administering sales of stocks.
Alireza joined the research group of fixed income of the company in New York in 1992 and has held positions in fixed income sales and sales of hedge funds, to become a partner in 2004, according to the note. He moved to Hong Kong in 2008 to run the Division of securities in the Asia-Pacific region.
