Goldman chairman of asset unit to retire

Execs departing: The headquarters of Goldman Sachs in New York City. Goldman’s partnership ranks have been shrinking, with a number of long-time executives departing in recent years. — AFP

NEW YORK: Sheila Patel, chairman of Goldman Sachs Group Inc’s asset-management unit, is leaving the US$1.8 trillion division after almost two decades at the firm.

Patel, 51, is among the company’s most senior women and shepherded some of Goldman’s highest-profile relationships with investors around the world.