By Elizabeth Dilts
NEWYORK (Reuters) – Goldman Sachs Group Inc named three new executives to its management committee, the co-presidents of the bank’s Asia Pacific region and its global treasurer, according to a memo sent by bank leaders on Tuesday.
Goldman Chief Executive David Solomon wrote in the memo that the appointment of Todd Leland and James Paradise, co-presidents of the bank’s Asia regional operations, excluding Japan, “reflect the importance of the Asia Pacific region to the firm’s strategy and our focus on strengthening and growing our businesses in that diverse region.”
Leland is also investment banking chief for the Asia Pacific, and Paradise is head of the securities division in the region.
Beth Hammack, global treasurer of Goldman Sachs, was also named to the top committee, which helps shape the bank’s strategy and whose members Solomon personally selects.
In February, Goldman announced that Ken Hitchner, chairman and chief executive for Asia-Pacific ex-Japan, would retire after 28 years with the firm. Hitchner sat on the management committee.
Leland and Paradise will join Masanori Mochida, president of Goldman Sachs’s in Japan, who also sits on the committee.
(Reporting by Elizabeth Dilts; Editing by Dan Grebler)