Money Briefs: Shake-up of top policy team at Google

Ms Caroline Atkinson will no longer have oversight of Google's global policy.
Ms Caroline Atkinson will no longer have oversight of Google's global policy.

Shake-up of top policy team at Google

SAN FRANCISCO • Ms Caroline Atkinson, an experienced diplomat Google hired last year to steer its global policy efforts, is stepping aside from that management role.

Google confirmed her move but said it was an administrative change designed to place oversight of the policy role at its headquarters, and Ms Atkinson will stay on as chief policy adviser.

Ms Leslie Miller, a Google policy director based in California, is filling in the top policy role on an interim basis. "Caroline will be focusing on external-facing work and priorities, and Leslie will manage the team," a Google spokesman said. Ms Atkinson declined to comment.

The shake-up comes as the Alphabet unit negotiates terms in the European Union in the aftermath of a record antitrust fine and big tech firms face rising regulatory scrutiny in the US, including a renewed call for tougher competition enforcement.

Before joining Google, Ms Atkinson was an economic adviser to then President Barack Obama, serving as his representative to the Group of Eight and G-20 summits. She was part of a wave of Obama staff to move to tech firms as his second term came to an end.

BLOOMBERG

Goldman names new Asia-Pac chairman

HONG KONG • Goldman Sachs Group has named veteran banker Ken Hitchner as its new chairman and chief executive officer in the Asia-Pacific excluding Japan, according to an internal memo seen by Reuters yesterday.

Mr Hitchner, who joined Goldman's corporate finance department in 1991 and worked in different roles after that, is currently president of the bank in the Asia-Pacific region, excluding Japan, said the memo.

In his new role, Mr Hitchner will be replacing Mr Mark Schwartz, who retired from the bank at the end of last year, after having worked at Goldman for 27 years.

The memo also announced the appointments of Mr James Paradise and Mr Todd Leland as co-presidents of the bank in the Asia-Pacific, excluding Japan.

A spokesman for Goldman Sachs in Hong Kong confirmed the content of the memo.

REUTERS

A version of this article appeared in the print edition of The Straits Times on September 20, 2017, with the headline 'Money Briefs'. Print Edition | Subscribe