Well-connected Asian rainmaker exits Goldman

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Roger Ng, a Malaysian Chinese known for his connections to politicians and tycoons in Malaysia, chose to leave Goldman Sachs (GS) of his own accord, and wasn't dismissed, according to the WSJ's source.

Ng helped Goldman land a contract with economic development fund 1Malaysia Development Bhd., or 1MDB that reaped large profits for the bank. The deal became a political football in elections last year, with the opposition party accusing Goldman of overcharging fees.

Ng joined Goldman in 2005, coming over from Deutsche Bank.