(Bloomberg) -- Goldman Sachs Group Inc. appointed Rob Drake-Brockman as chief executive officer of its Singapore office, as the city-state rises in importance for the Wall Street firm.
Drake-Brockman will continue as head of equities distribution and execution for Asia-Pacific, according to a statement. He will take over as CEO following regulatory approval from James Ellery, who is moving to London towards the end of the year.
Goldman Sachs employs more than 1,300 people in Singapore, its largest office in the region after Hong Kong, and one of the firm’s global centers for commodities trading. The bank’s biggest business in the country is in markets, and it’s been adding headcount in the asset and wealth management divisions. Singapore is also a technology engineering hub for the firm.
Drake-Brockman, a partner, moved to Singapore in 2022 and was previously co-head of prime brokerage for Europe, the Middle East and Africa. Ellery joined Goldman Sachs in 2015 and is head of global currencies and emerging markets in Asia Pacific.
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