Goldman Sachs is beefing up its mergers and acquisitions team in Asia Pacific, excluding Japan, by reshuffling senior bankers.

Goldman appointed Richard Campbell-Breeden, head of M&A in the region, to become vice chairman of the region's investment banking division, according to an internal memo seen by The Wall Street Journal Thursday. He will continue to lead the industrial sector and will become chairman of M&A, a newly created role in the region.