3/10/2010-The Wall Street Journal said Wednesday that Fred Hu, Greater China chairman for Goldman Sachs Group (NYSE:GS) and one of its longest-serving China executives, is leaving his post at the bank, a company spokeswoman said.
After 13 years with Goldman Sachs, Hu will retire as partner in April and take up a role as an advisory director for the firm, Angela Yu, spokeswoman for Goldman's Chinese joint venture, said Wednesday.
"Fred has played a significant leadership role in the development of our China franchise and the Asia region and led some of the firm's landmark transactions in financing, advisory and principal investments," said an internal Goldman memo sent to employees Wednesday. "We look forward to continuing our relationship with Fred and benefiting from his counsel, knowledge and relationships in his advisory role."
