A major changing of the guard is underway at Goldman Sachs in Asia, with longstanding head, Richard Gnoode preparing to leave for London and his successor, Mike Evans set to take over in January.
It is a significant personnel change in more ways than one. Gnodde leaves the top job in Asia at a time when the region is reckoned to comprise more than 25% of Goldman's total profitability this year, although this high percentage is partly the result of a closing out of distressed debt positions from the financial crisis.
Meanwhile, Evans is one of global CEO Hank Paulson's most senior lieutenants and is very familiar...
