Sanjiv Misra, country head of Goldman Sachs' Indian joint venture, is leaving to join Salomon Brothers as head of equity capital markets in Asia - the second departure from Goldman's investment banking division in a week. Mr Misra had been with Goldman for 10 years, acting as chief operating officer for the investment banking division for 18 months before heading the company's operations in India. Last week, Barbara Wong left Goldman's corporate finance team. Banking sources said more movement at the United States investment banks was expected now that bonuses for last year had been paid. Goldman officials could not be reached for comment. Goldman reported record investment banking profits of US$2.4 billion last year but sources said the proceeds had not been spread evenly. The firm promoted four more people as partners in Asia late last year. With that many new partners sharing profits, the bonus pool for everyone else was smaller, despite the good year the company had last year, the sources said. Goldman recently introduced a new management structure, appointing managing directors for the first time. Mr Misra was not named managing director last autumn. Several senior Goldman executives in the US who were not promoted also left the firm this month.