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17

Goldman Sachs’s Asia Pacific Chairman to Retire

By Tony Seruga

Mark Schwartz, the chairman of Goldman Sachs’s Asia Pacific region and a vice chairman of the firm, will retire at the end of the year.CreditIan Waldie/Bloomberg News

SAN FRANCISCO — One of Goldman Sachs’s top bankers in Asia is planning on retiring after nearly three decades at the firm.

Mark Schwartz, who is chairman of Goldman’s Asia Pacific region and a vice chairman of the firm, will retire at the end of the year, the firm said in an internal memorandum on Monday.

His departure comes as Goldman faces challenges in Asia, particularly a slowdown in investment banking in the region for all Western firms. Goldman is expected to lay off a significant number of its bankers in Asia. (Mr. Schwartz’s plans were unrelated to those issues.)…

Goldman Sachs’s Asia Pacific Chairman to Retire

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