Goldman's Asia-Pacific CEO said to be retiring after 30 years at bank

Mr Ken Hitchner joined Goldman in 1991 and has been head of various departments.
Mr Ken Hitchner joined Goldman in 1991 and has been head of various departments.

HONG KONG • Mr Ken Hitchner, Goldman Sachs Group's chairman and chief executive officer for the Asia-Pacific region outside Japan, is retiring after almost three decades with the firm, people with knowledge of the matter said.

Mr Hitchner will continue in his Hong Kong-based role until the middle of the year, said one of the people, who asked not to be identified. He moved to Asia almost six years ago and was promoted to his current position in September 2017.

A representative for Goldman declined to comment.

A former US navy pilot, Mr Hitchner joined Goldman in 1991 and has served as its global head of the healthcare banking group and global co-head of technology, media and telecom.

He has advised clients including Johnson & Johnson on its US$19.7 billion (S$27 billion) takeover of Synthes in 2012. He was named managing director in 2000 and partner in 2002.

Mr Hitchner's departure will leave Mr Todd Leland and Mr James Paradise, the co-presidents for Asia outside Japan, as Goldman's most senior executives in the region.

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A version of this article appeared in the print edition of The Straits Times on February 20, 2019, with the headline 'Goldman's Asia-Pacific CEO said to be retiring after 30 years at bank'. Print Edition | Subscribe