Goldman Vice Chairman Evans retiring from post

Goldman Sachs Vice Chairman Evans retiring from post; will become a senior director

Associated Press

NEW YORK (AP) -- Goldman Sachs said J. Michael Evans is going to retire as vice chairman at the end of the year.

Evans — who has served as a vice chairman since 2008 — will become a senior director at that time, the investment bank said Monday.

He started at The Goldman Sachs Group Inc. in 1993 at its investment banking unit in London and became a partner a year later. He helped with the company's initial public offering in May 1999 and became co-head of the equities division in 2001. By 2003 he was named global co-head of the securities unit.

In 2004 Evans moved to Hong Kong to serve as chairman of Goldman's Asia Pacific business. He co-chaired the Business Standards committee, which reviews Goldman's business standards and practices. The committee was established in 2010 as Goldman fought civil fraud charges brought by the Securities and Exchange Commission.

Evans was appointed global head of growth markets in 2011.

Earlier in the day Goldman announced that its asset management arm is buying some money market funds managed by RBS Asset Management for an undisclosed amount.

And last week the New York company reported a flat third-quarter profit, with revenue falling sharply as trading in bonds and other securities slowed.

Shares of Goldman Sachs added $1.65 to $160.34 in afternoon trading.

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