Goldman Sachs sells more stake in Max Ventures to the promoters, while Japan’s Fidel Technologies KK has acquired tech startup LinguaNext. Goldman Sachs sells more stake in Max Ventures Analjit Singh and family have increased holding in Max Ventures and Industries Ltd by acquiring shares equalling 3.6 per cent stake. Singh acquired the 1.9… Read more »
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Goldman Sachs Group Inc. said 84 employees — including the largest percentage of women ever — have been named partner, a title that remains among the most prestigious on Wall Street more than 17 years after the firm went public. The promotions, which take place every two years, are up… Read more »
Currently based in Beijing, Schwartz, is also the vice-chairman of the US-based Goldman Sachs Group. “Schwartz played a major role in helping Alibaba founder Jack Ma and executive vice chairman Joseph Tsai with Alibaba’s $25 billion IPO in New York in 2014,” the company said.
Mark Schwartz, Goldman Sachs Group Inc.’s Asia-Pacific chairman, will step down at year-end and be an adviser to the firm.
Goldman Sachs Capital Partners acquired 80% in Sigma (formerly known as Semco Electric Pvt. Ltd) in 2007 for $172 million.
Earlier Aion Capital Partners was in talks to acquire Goldman Sachs’ stake in the Pune-based company.
Goldman Sachs failed to make it to the upper echelon of Asia’s equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the U.S. bank to cut back jobs in the region.
Goldman Sachs’ head of investment banking division in Southeast Asia, Michael Smith, is set to leave the bank after a two decade stint in the banking industry.
Most of the jobs cuts are likely to take place in Hong Kong, Singapore and China. The company, whose investment banking revenue fell 11 percent to $1.79 billion in the second quarter, has been hit by a lacklustre environment for deals across Asia.
Started in 2008, Bangalore-based NichePro is a product and IT consulting services company with a presence in US, UK and Singapore.