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.

The Board of Goldman Sachs distributed 58,381 restricted shares worth $8.99 million to Chairman and Chief Executive Lloyd Blankfein. Chief Operating Officer Gary Cohn and Chief Financial Officer David Viniar were also offered the same amount. Blankfein’s whole share bonus is considerably less than the $67.9 million he was rewarded in 2007.