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GS cuts in Singapore but no change in strategy for SE Asia

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Departures from the Singapore office of Goldman Sachs since the start of this year do not reflect a big change of strategy towards the region, according to Matthew Westerman, head of the firm’s investment bank in Asia Pacific ex-Japan. But they have nonetheless come at a time when market activity in some areas has fallen and when other firms, like CIMB, have also been cutting back.

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