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Goldman Sachs India Leadership Shuffle Announced
4 Jun
Summary
- Gunjan Samtani retires as Goldman Sachs India co-chairman.
- Ken Castelino and Balaji Sivasubramanian appointed new co-heads.
- Goldman's India engineering division employs 9,000 people.
Gunjan Samtani, the co-chairman and country head of Goldman Sachs Services India, is set to retire by the year's end. This marks the end of his 16-year tenure with the investment bank.
Stepping into leadership roles are Ken Castelino and Balaji Sivasubramanian, who will jointly lead Goldman Sachs' operations in Bengaluru and Hyderabad. Castelino brings extensive experience in global banking and markets, while Sivasubramanian leads engineering in India and global enterprise partnerships.
Samtani was instrumental in developing Goldman Sachs' engineering division in India. The global capability center in Bengaluru and Hyderabad now houses around 9,000 employees, representing a significant portion of the bank's global engineering workforce.
Goldman Sachs first established its presence in Bengaluru in 2004, initially for IT and back-office support. Over two decades, its operations have expanded to encompass diverse banking functions, including corporate cash and liquidity management, and advanced analytics development.
