The chairman of Goldman Sachs’ fund management unit in Asia is retiring after more than 15 years at the company.
Bloomberg reported that Oliver Bolitho, who became chairman last year, will become an advisory director at Goldman Sachs after his departure at the end of the year.
During Bolitho’s tenure at Goldman Sachs, he served as head of the firm’s U.K. and Irish institutional business from 2001 until 2007 when he relocated to Hong Kong to manage the fund business in Asia.
Goldman Sachs Asset Management had about $878 billion of assets under management as of September 30. The division runs hedge funds, private equity and real estate investments alongside those in fixed income, stocks, money markets and commodities.