Goldman banker Leissner quit after violating company rule: source

Tue Mar 8, 2016 6:39am EST
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SINGAPORE (Reuters) - Goldman Sachs' (GS.N: Quote) Southeast Asia chairman, Tim Leissner, resigned last month after he had allegedly violated the firm's internal rules, a person familiar with the matter said on Tuesday, confirming a Wall Street Journal report.

Leissner, who took over the role in mid-2014, had helped arrange the sale of U.S. dollar bonds for Malaysian state investor 1Malaysia Development Bhd (1MDB), currently at the center of judicial investigations in multiple jurisdictions, sources told Reuters in February.

Earlier on Tuesday, the Wall Street Journal reported that Leissner, who had been placed on leave since January, quit after a review of his emails found that he had allegedly sent an unauthorized reference letter on behalf of an individual to another financial firm in 2015.

The source confirmed the details in the report.

A Goldman Sachs spokeswoman declined to comment on Leissner.

Leissner himself did not respond to a request for comment. The source declined to be named due to the legal sensitivities of the matter.

In a separate report, Bloomberg said Leissner had been subpoenaed by the U.S. Justice Department in a money laundering probe linked to 1MDB.

Leissner was issued the subpoena in late February, Bloomberg reported, citing people briefed on the matter.

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Foliage partly covers a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur, Malaysia, July 3, 2015.  REUTERS/Olivia Harris