The global investment banking and securities firm Global Sachs Group Inc has chosen David Ryan to be Asia’s new co-head of investment banking. Ryan will be taking over the position of Ravi Sinha, who has worked for the company for more than 20 years and is set to step down as a partner.

A Singapore partner, David Ryan will share his new position with Mark Machin, who is based in Beijing. Sinha, who will retire in June, will end his work as a partner and will become an advisory director after his retirement.

Headquartered in New York, Goldman Sachs was one of the biggest share sales arrangers in the region from 2002 to 2006. As for mergers and acquisitions, the company claimed the number one spot this 2010 in Asia, excluding Japan, up from the sixth spot in 2009. Goldman also climbed a couple of notches in the list of banks that arranges US, euro and yen-dominated bond sales, from being ranked 10th last year to being eighth this year.

David Ryan, 40, entered the investment banking component of Goldman in 1992 and led the financing group in Asia, starting from 2005 up to 2007. In 2008, he moved to Singapore when he became Southeast Asia chairman, a role he will keep in addition to the new title.

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