Goldman’s Leissner, who advised on US bond sale to Malaysia’s 1MDB, leaves bank

A Goldman Sachs sign is seen above the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York January 24, 2014. REUTERS

Goldman Sachs senior investment banker and chairman of its Southeast Asia business Tim Leissner has left the bank, a spokesman said.

Leissner helped arrange the sale of U.S. dollar bonds for Malaysian state investor 1Malaysia Development Bhd (1MDB), sources told Reuters. The bank drew criticism from Malaysian politicians over the hefty amount it earned from these transactions.

Leissner left the bank earlier this month, the bank spokesman added, without giving further details.

Leissner is the second Goldman banker linked to 1MDB deals to leave the bank. Roger Ng, then managing director and head of Southeast Asia sales for fixed income, currencies and commodities, also left two years ago, sources had told Reuters at the time.

Leissner did not respond to several attempts by Reuters to contact him.

Leissner was named chairman of Southeast Asia in mid-2014 and was supposed to relocate to Singapore from Hong Kong, but instead spent time between Hong Kong and Los Angeles, where his wife lives, a source familiar with the matter told Reuters.

The sources declined to be named because the information remained confidential.

Also Read: Goldman Sachs’ Tim Leissner, who built i-bank’s Malaysia’s biz, said to move to US

Reuters

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.