Goldman launches Asia fund development drive

Goldman Sachs Asset Management has hired its first head of product development for Asia-Pacific in a drive to tailor its offering to institutional investors and fund distributors in the region. The firm, which had $93 billion in Asia-sourced assets at end-2011 (13% of its global figure), has re-hired Masaki Taniguchi to fill the role, having hunted for a candidate for quite some time. Taniguchi started last week in Hong Kong and is, in fact, returning to GSAM after a decade with…