After 16 years at the firm, the man who built Goldman’s India global centre is stepping down. Two internal leaders will take over a operation that now employs more than 8,000 people across Bengaluru and Hyderabad.
Gunjan Samtani, co-chairman of Goldman Sachs in India and head of its India global centre, will retire by the end of 2026. Samtani announced his departure in a post on LinkedIn on June 4, 2026.
Goldman Sachs has named Ken Castelino and Balaji Sivasubramanian as co-heads to succeed him. Both will oversee the India technology and operations centre alongside their existing responsibilities.
Castelino is Goldman’s head of global banking and markets, public, in India and co-head of global equities electronic trading strats and engineering. Sivasubramanian is the head of engineering in India and global head of enterprise partnerships engineering within platform solutions.
A memo from the bank said: “As co-heads, Ken and Balaji will oversee all of our activities in Bengaluru and Hyderabad, partnering with both global and local leaders, including the Bengaluru and Hyderabad Executive Council, to advance our priorities. They will continue to work closely with Gunjan over the coming months to effect a smooth transition.”
Samtani spent 16 years at Goldman Sachs. Before leading the India centre he served as chief operating officer of engineering and global co-head of risk engineering.
Goldman Sachs first set up its Bengaluru office in 2004. It now employs over 8,000 people across Bengaluru and Hyderabad, covering a broad range of technology and banking functions. The India centre has grown from a technology support operation into one of the firm’s most significant global delivery hubs, running engineering, risk, trading infrastructure, and platform solutions for Goldman’s worldwide businesses.
The leadership transition comes at a moment when India’s GCC sector is attracting sustained senior attention from global financial institutions. For Goldman, the appointment of two sitting global function heads, rather than a single dedicated India head, signals a shift in how the centre is being integrated into the firm’s global operating structure.
Goldman Sachs is a US-based investment banking and financial services company headquartered in New York, listed on the NYSE.
