Quiet exit for Goldman's Malaysia star

摘要

It emerged last week that a gentleman called Roger Ng has departed from Goldman Sachs, where he had most recently headed South-East Asian sales in the US titan's fixed-income, currencies and commodities unit. It's no secret that Goldman has done rather nicely from its fixed-income business in Malaysia, and Mr Ng's connections within the country are often hailed as the root of those successes. I have written previously about the hefty fees Goldman has earned from arranging private debt placements for the state of Sarawak and for Malaysia's strategic development company, 1MDB. And it seems reasonable to assume Mr Ng banked quite a few generous bonus cheques for his help in placing these and a raft of other debt deals for Malaysian entities, totalling around US$8bn from 2009 onwards.