She’s going to step down from the partnership and change into an advisory director to the $1.8 trillion division.
Sheila Patel, Goldman Sachs’ Singapore-based chairman of its asset administration unit, is about to retire after twenty years on the agency and tackle an advisory position, «Bloomberg» reported on Monday.
«Sheila has contributed to our tradition, together with by serving as a mentor to many Goldman Sachs professionals all over the world,» David Solomon, stated in an inside memo to workers.
Patel was appointed as GSAM chairman in September 2019. She joined Goldman Sachs’s funding financial institution in 2003, after heading up Buying and selling Technique at Morgan Stanley for seven years. She transferred to GSAM in 2009, and was primarily based in Singapore, GSAM’s Asia regional funding hub, for seven of the previous 12 years.