ref="http://www.cityam.com/company/goldman-sachs">GOLDMAN Sachs Group has appointed Ken Hitchner as its new president for Asia Pacific, excluding Japan, the bank announced yesterday.
Hitchner, who replaces the retiring David Ryan, will be based in Hong Kong and will oversee the firm’s entire business in the region.
A former pilot in the US Navy, his most recent role at the New York-based investment bank was global head of the healthcare banking group and global co-head of the technology, media and telecom group.
He will move from New York to take up the role, his first based in Asia. The appointment is the latest high-profile appointment for Goldman Sachs in the region this year, after it hired Kate Richdale from Morgan Stanley as head of investment banking services for Asia ex-Japan.
Ryan is retiring after two-and-a-half years in the role, which he initially shared with Yusuf Alireza. Alireza is now chief executive of commodities trader the Noble Group.