One of Goldman Sachs’ senior investment bankers has left the institution amid an ongoing corruption scandal in Malaysia linked to a state investment fund the bank previously advised.
Tim Leissner, who was chairman of Goldman Sachs’ Southeast Asia division, left the firm in early February, the bank confirmed yesterday. Mr Leissner had previously been reported to have been on “personal leave”.
His exit comes amid growing protests against Malaysian Prime Minister Najib Razak and his ties to the country’s sovereign wealth fund 1Malaysia Development Berhad (1MDB). The fund, which was set up by Mr Razak in 2009, spooked investors last year by missing interest payments on $11bn (£8bn) worth of debt.
The original article can be found at independent.co.uk