Goldman Sachs Group Inc named Sonjoy Chatterjee as chairman of its India operations, according to a memo sent to employees and obtained by Bloomberg News.
Chatterjee, who is managing director and co-chief executive officer of Indian operations, will take over from L Brooks Entwistle, who is relocating to Singapore to become the company’s chairman and head of investment banking for Southeast Asia, according to the memo dated yesterday.
Chatterjee and Vijay Karnani will become co-chief executive officers overseeing Goldman Sach’s India franchise in Mumbai. Chatterjee will also assume the role of chairman of the India Operating Committee.
The US lender, which offers investment banking and research services in India, has sought a licence for commercial banking in the world’s second-fastest growing major economy. Chatterjee joined Goldman Sachs in 2010 as a partner and co-chief executive officer after a 16-year career at ICICI Bank Ltd, where he served as an executive director on the board with responsibility for corporate and investment banking, project finance, government banking and ICICI Bank’s International banking business.
Karnani was appointed head of Goldman’s securities division in India in 2009. He joined Goldman Sachs in 1998 in Equity Capital Markets, moving to the Equity Derivatives team in Hong Kong in 2000 and then to the Asian Special Situations Group in 2006. He was named managing director in 2007 and partner in 2010.
