goldman-sachs-japan-cuts-ibd-staff

Goldman Sachs Japan cuts IBD staff

The US firm has dismissed four managing directors, three vice-presidents and six associates, according to market sources.
November 11, 2008
Goldman Sachs's investment banking division IBD in Tokyo has cut around 10% of its workforce, market sources report, including four managing directors, three vice-presidents and six associates. The cuts were made last week. Goldman Sachs Japan would not comment on the reports.

Of note is the dismissal of Naomi Matsuoka, MD, who headed the equity capital markets team. Matsuoka has reportedly been at Goldman for over 20 years and is known as a successful banker.

ôIt's remarkable she was let go. She was very loyal to Goldman, and very good at her job. We tried hard to poach her, but she always said she was very happy at Goldman,ö says a source who is...
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