logo
Goldman Sachs combines Asia investment banking units, names Drayton APAC head

Goldman Sachs combines Asia investment banking units, names Drayton APAC head

Business Times22-05-2025

[HONG KONG] Goldman Sachs is bringing together previously separately-managed three Asian investment banking businesses into one unit to integrate its regional deals advice and capital market capabilities, according to a memo reviewed by Reuters on Thursday.
Iain Drayton, currently head of investment banking, Asia excluding Japan, at Goldman Sachs, will lead the integrated Asia Pacific investment banking business, the internal memo said. A bank spokesperson confirmed the memo's content. REUTERS

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Iran to present counter-proposal to US in nuclear talks
Iran to present counter-proposal to US in nuclear talks

Straits Times

time39 minutes ago

  • Straits Times

Iran to present counter-proposal to US in nuclear talks

FILE PHOTO: Iran's and U.S.' flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo DUBAI - Iran will soon hand a counter-proposal for a nuclear deal to the United States via Oman, Iranian foreign ministry spokesperson Esmaeil Baghaei said on Monday, in response to a U.S. offer that Tehran deems "unacceptable". The spokesperson also called on the international community to force nuclear disarmament upon Israel, Iran's longstanding foe which Tehran says is trying to thwart the nuclear negotiations. "The U.S. proposal is not acceptable to us. It was not the result of previous rounds of negotiations. We will present our own proposal to the other side via Oman after it is finalised. This proposal is reasonable, logical, and balanced," Baghaei said. "We must ensure before the lifting of sanctions that Iran will effectively benefit economically and that its banking and trade relations with other countries will return to normal." Reuters previously reported that Tehran was drafting a negative response to the U.S. proposal which was presented in late May. An Iranian diplomat said the U.S. offer failed to resolve differences over uranium enrichment on Iranian soil, the shipment abroad of Iran's entire stockpile of highly enriched uranium and reliable steps to lift U.S. sanctions. Baghaei said there was not yet any detail on the timing of a sixth round of nuclear talks between Tehran and Washington. Last week, Supreme Leader Ayatollah Ali Khamenei dismissed the U.S. proposal as against Iran's interests, pledging to continue enrichment on Iranian soil, which Western powers view as a potential pathway to building nuclear weapons. Iran says its nuclear programme is only for peaceful purposes. During his first term in 2018, U.S. President Donald Trump ditched a 2015 nuclear pact between Iran and six powers and reimposed sanctions that have crippled Iran's economy. Iran responded by escalating enrichment far beyond that pact's limits. Iran says the West has turned a blind eye to Israel's nuclear programme even while pushing against Iran's. Israel neither confirms nor denies that it has nuclear weapons. Baghaei said sensitive Israeli documents, which Iran has previously promised to unveil, would demonstrate "that parties constantly questioning Iran's peaceful nuclear programme actively work to strengthen Israel's military nuclear programme". The negotiating parties should not allow Israel to disrupt diplomatic processes, he added. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

Iran to present counter-proposal to U.S. in nuclear talks
Iran to present counter-proposal to U.S. in nuclear talks

Straits Times

time2 hours ago

  • Straits Times

Iran to present counter-proposal to U.S. in nuclear talks

FILE PHOTO: Iran's and U.S.' flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo DUBAI - Iran will soon hand a counter-proposal for a nuclear deal to the United States via Oman, Iranian foreign ministry spokesperson Esmaeil Baghaei said on Monday, in response to a U.S. offer that Tehran deems "unacceptable". Reuters previously reported that Tehran was drafting a negative response to the U.S. proposal which was presented in late May. An Iranian diplomat said the U.S. offer failed to resolve differences over uranium enrichment on Iranian soil, the shipment abroad of Iran's entire stockpile of highly enriched uranium and steps to lift U.S. sanctions. "The U.S. proposal is not acceptable to us. It was not the result of previous rounds of negotiations. We will present our own proposal to the other side via Oman after it is finalised. This proposal is reasonable, logical, and balanced," Baghaei said. Baghaei added that there was not yet any detail regarding the date of a sixth round of nuclear talks between Iran and the U.S. Last week, Iran's Supreme Leader Ayatollah Ali Khamenei dismissed the U.S. proposal as against the country's interests, pledging to continue enrichment. During his first term in 2018, U.S. President Donald Trump ditched a 2015 nuclear pact between Iran and six powers and reimposed sanctions that have crippled Iran's economy. Iran responded by escalating enrichment far beyond that pact's limits. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

NATO needs 400% increase in air and missile defence, Rutte will say in London
NATO needs 400% increase in air and missile defence, Rutte will say in London

Straits Times

time2 hours ago

  • Straits Times

NATO needs 400% increase in air and missile defence, Rutte will say in London

FILE PHOTO: NATO Secretary General Mark Rutte speaks during a press conference on the eve of a NATO Defence Ministers meeting at the Alliance's headquarters in Brussels, Belgium June 4, 2025. REUTERS/Yves Herman/File Photo NATO needs 400% increase in air and missile defence, Rutte will say in London LONDON - NATO Secretary General Mark Rutte will use a speech in London on Monday to say the military alliance needs a 400% increase in air and missile defence, one of the priorities for a summit of members in the Hague later this month. Rutte is pushing for members to boost defence spending to 3.5% of GDP and commit a further 1.5% to broader security-related spending to meet U.S. President Donald Trump's demand for a 5% target. Last month, he said he assumed that target would be agreed at the summit on June 24-25. Rutte will argue in a speech at London's Chatham House think tank that for NATO to maintain credible deterrence and defence, it needs "a 400% increase in air and missile defence". "We see in Ukraine how Russia delivers terror from above, so we will strengthen the shield that protects our skies," he will say, according to extracts of his speech provided by his office. "The fact is, we need a quantum leap in our collective defence. The fact is, we must have more forces and capabilities to implement our defence plans in full. The fact is, danger will not disappear even when the war in Ukraine ends." With little let up in fighting in Russia's war against Ukraine despite ceasefire calls, European countries are under pressure to raise defence spending after Trump signalled a shift in policy, pushing for the region to better protect itself. Several countries say they are doing so, with Britain pledging an increase from 2.3% to 2.5% of GDP by 2027 and 3% of GDP at a later date. Germany has said it will need roughly 50,000 to 60,000 additional active soldiers under new NATO targets. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store