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Goldman Sachs has promoted Raghav Maliah to a prominent new role as Chairman of Investment Banking, a global appointment that reflects the firm’s ongoing strategy to strengthen leadership in key markets. The announcement, shared via an internal memo on Wednesday and later confirmed by a company spokesperson, outlines Maliah’s expanded responsibilities, which he will undertake in conjunction with his current leadership roles across the Asia Pacific region.
I. A Strategic Global Appointment
1. Expanded Responsibilities
In his new global capacity, Raghav Maliah will serve as Chairman of Investment Banking at Goldman Sachs. Despite the broader international scope, Maliah will retain his regional responsibilities, continuing as Co-Head of Mergers and Acquisitions (M&A) for Asia Pacific and as Head of the Technology, Media, and Telecommunications (TMT) Group in Asia Pacific, excluding Japan.
2. Building on Regional Success
This elevation comes nearly a year after Maliah was named Co-Head of M&A in Asia Pacific, a role he shares with Yoshihiko Yano and Ed Wittig. That appointment, made in September, was part of Goldman Sachs’ initiative to expand deal-making activity and deepen client engagement throughout the Asia Pacific region. Maliah’s dual role reflects both his personal track record and the firm’s commitment to reinforcing its global M&A presence with strong regional leadership.
II. A Career Spanning Over Two Decades
1. Long-Standing Tenure at Goldman Sachs
Raghav Maliah’s journey with Goldman Sachs began in 2000 when he joined as an associate. His performance and leadership skills quickly propelled him upward through the ranks. He was promoted to Managing Director in 2006 and later achieved the prestigious title of Partner in 2010. His career at Goldman Sachs is marked by consistent advancement and deep involvement in high-profile transactions.
2. Member of Regional Leadership
In addition to his client-facing roles, Maliah is also a key member of Goldman Sachs’ Asia Pacific Management Committee. This group oversees the bank’s strategy and operations across the region, further underlining Maliah’s integral role in shaping Goldman’s footprint in Asia.
III. Strengthening Goldman’s Global Investment Banking Ambitions
1. Capitalising on Regional Revamp
The promotion comes as Goldman Sachs continues to execute a broader strategy to revamp its operations in Asia. The firm is aiming to harness what it refers to as “strong tailwinds” across the region. By elevating trusted leadership figures like Maliah, Goldman seeks to gain a competitive edge in investment banking, especially in high-growth sectors like technology and telecommunications.
2. Reaffirming Global Strategy
The move also sends a clear message about Goldman Sachs’ commitment to global integration. By aligning senior leadership across geographies, the bank is better positioned to manage cross-border transactions and deepen relationships with multinational clients. Maliah’s new title reflects both his global credibility and the firm’s increasing emphasis on interconnected leadership in today’s fast-moving financial environment.
3. Commitment to Asia’s Growth Potential
Goldman Sachs has been vocal about its ambitions in Asia. Just last month, the firm’s newly appointed head of investment banking for the region highlighted plans to boost deal-making capacity and capture a greater share of market activity. Maliah’s appointment is a natural progression of that vision, leveraging his experience and established relationships to steer regional growth within a global framework.
Conclusion
Raghav Maliah’s promotion to Chairman of Investment Banking is more than a personal milestone—it underscores Goldman Sachs’ broader strategy of reinforcing its global presence by empowering proven leaders with dual regional and international mandates. Maliah’s continued role in Asia Pacific, combined with his new global responsibilities, is expected to play a key part in the firm’s mission to expand deal coverage, deepen sector expertise, and maintain leadership in the competitive investment banking landscape. With more than two decades at Goldman Sachs and a track record of high-impact roles, Maliah’s elevation is both a testament to his leadership and a strategic move to align global priorities with regional opportunities.
