Goldman Moving Asia PE co-head to Mumbai in Reorganisation

Goldman Sachs will relocate Ankur Sahu, a partner in its private equity business, to Mumbai from Tokyo as part of a reorganisation under which he will co-head private equity for Asia, an internal memo showed.

Sahu and Andrew Wolff, who is based in Hong Kong, were named co-heads of Goldman's private equity business in Asia under a new structure that combines operations in Japan, India and the rest of Asia into a single unit, the memo said.

"This is intended to increase collaboration among various offices and enhance cross-border business potential," the memo said.

Goldman Sachs has invested about $2 billion in private equity in India since 2007, including a stake in insurer and hospital operator Max India Ltd.