Bloomberg News

Goldman Gets Indian Regulator's Approval to Start Funds Unit

September 01, 2008

Goldman Sachs Group Inc., the biggest U.S. securities firm, received approval from the Indian capital markets regulator to set up an asset management company in the South Asian nation.

Goldman Sachs Asset Management Co. (India) Pvt. named Prashant Khemka as chief investment officer for its Indian funds business, Goldman said in a statement today.

To contact the reporter on this story: Pooja Thakur in Mumbai at

To contact the editor responsible for this story: Andreea Papuc at

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