Pursuits

The Rise and Fall of Tim Leissner, Goldman's Big Man in Malaysia

  • The bank's $6.5 billion deals with 1MDB made money and trouble
  • A friend of the rich and powerful loses his Wall Street perch

Behind the Fallout From the Malaysia Fund Scandal

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The prime minister of Malaysia had a message for the crowd at the Grand Hyatt San Francisco in September 2013. “We cannot have an egalitarian society -- it’s impossible to have an egalitarian society,” Najib Razak said. “But certainly we can achieve a more equitable society.”

Tim Leissner, one of Goldman Sachs Group Inc.’s star bankers, enjoyed the festivities that night with model Kimora Lee Simmons, who’s now his wife. In snapshots she posted to Twitter, she’s sitting next to Najib’s wife, and then standing between him and Leissner. Everyone smiled.