Michael Smith, head of investment banking division inSoutheast Asia for Goldman SachsGroup Inc., will leave the company later in 2016, Reuters reported,citing "two people familiar with the matter."

Smith is a partner at the investment bank and also heads itsAsian real estate business, according to the report. He joined the company in2006 and was most recently based in Singapore.

Smith's exit is not part of the company's reduction of investment banking jobs in Asia, excluding Japan, Reutersnoted.