BEIJING/SHANGHAI - Fred Hu, a high-profile China dealmaker is stepping down as partner of Goldman Sachs, according to an internal memo, as sources said he plans to seek opportunities in the country's fast-growing private equity industry.

Hu, who worked for the Wall Street bank for 13 years, will retire as a partner in April, but remain as an advisory director of the firm, according to the memo obtained by Reuters.

Goldman confirmed the content of the memo but declined to comment further. Hu's mobile phone went unanswered when contacted by Reuters for comment.

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