Goldman Sachs’ Asia Pacific chairman Mark Schwartz is set to retire at the end of the year after 27 years with the bank.
Schwartz is also a Goldman vice chairman and a member of the firm’s management committee.
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Schwartz, who is based in Beijing, will move back to New York and continue to serve as a senior director at the bank.
Schwartz joined Goldman in 1979 and was made partner in 1988. In 1997, he relocated to Japan to run the bank’s unit and in 1999 assumed the role of Asia Pacific chairman.
In 2001, Schwartz left Goldman and joined George Soros’s investment fund. Later in 2012, he returned to Goldman to run the business in Asia-Pacific region from Beijing.
The move comes following the recent job cuts in the bank and a corruption scandal in Malaysia.
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