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What it takes to make managing director as a Chinese banker at Goldman Sachs

Goldman Sachs

The bank that everyone wants to work for

Among the 425 managing directors listed in Goldman Sachs bi-annual round of promotions, there’s no shortage of Chinese names. Some are the diaspora, working in London, Hong Kong and New York and only a handful have remained closer to home. This is what it takes to make managing director at Goldman Sachs.

Victor Hu, global head of education technology and services investment banking, San Francisco

Hu has an excellent academic record. He has a BA in International Relations from Amherst College, a JD from Harvard Law School, and an MBA the Wharton School. Clearly, you have to be academically strong to get into Goldman Sachs.

He’s not been an investment banker throughout his career. Armed with a law degree, he used to work as an attorney at a law firm for three years, although the area was about M&A and corporate finance before joining private equity company Zephyr Management. He joined Goldman Sachs’ San Francisco office in 2006.

Andrew Huang, M&A, Asia (ex-Japan), Hong Kong 

Huang currently works at the M&A division at Goldman’s Hong Kong office. Huang also has excellent academics – a BA in Economics and Political Science from Columbia University, and an MBA from the Wharton School.

His path to M&A hasn’t been entirely obvious – he started with Goldman as a financial analyst in 2000, before leaving for a start-up media company, Pan Media, in 2003, where he remained as CFO until 2005. It was then he took an MBA at Wharton, which provided the impetus to re-join Goldman Sachs, but in its M&A team in 2007.

Chuan Li, global head of securities division data services technology, New York

Li is the first Chinese Goldman employee to make MD this year  to work in its ‘federation’ – the support functions outside of the front office. He has a BS in mathematics & computer science and an MS in computer science, both from Rutgers University back in the 1990s. He had a brief stint with Goldman from 1998 to 2000, but spent most of the noughties with various software companies and investment firms. It was not until 2008 that he re-joined Goldman and stayed there.

Donald Lu, Gao Hua Securities, Beijing

Based in Beijing, Lu works at Goldman Sachs Gao Hua Securities, the joint venture that has Goldman Sachs as the foreign shareholder, and Lu has been working there since 2006. Before that, he used to work at Goldman’s Taiwan office, and JPMorgan Chase’s San Francisco office, both in equity research roles.

Lu has an PhD in bioengineering from the University of Pennsylvania, and also an MBA from The Wharton School.

Jenny Meng, CFO, CRO, treasurer, at Goldman Sachs Gao Hua, Beijing

Meng also works at Goldman Sachs Gao Hua Securities in Beijing. Her latest update shows that she is the CFO of this joint venture. Prior to joining Goldman Sachs Gao Hua, she worked for Lehman Brothers in New York for six years, from 2000 to 2006.

She had most of her education in China, including a bachelor’s degree in investment management from the Central University of Finance and Economics and a master’s degree in international economics from the Renmin University. The only overseas degree she has is an MBA from the City University of New York – Baruch College.

Xi Pei, FIG investment banker, insurance, China

Pei joined Goldman in 2010. But before that, he worked for a variety of international banks throughout including Nomura, Lehman Brothers, Citigroup and Norway’s Den Norske Bank in Oslo. Pei’s stint in Norway could be down to the fact that he did his MSc in Finance and Economics at the Norwegian School of Economics, and secured a job of derivatives analyst right after graduation in 1997.

Apart from banking experience, Pei once worked at McKinsey for over five years, focusing on corporate finance and strategy.

Alex Wang, head of Private Wealth Management, China Onshore, Beijing

Alex Wang  is Goldman’s head of private wealth management (China Onshore). Most of his banking career has been in the wealth management sector including roles like deputy general manager of wealth management China International Capital Corporation (CICC), director of investment at the Canadian Imperial Bank of Commerce, and the manager of fund analysis & planning at TD Asset Management.

He has a BA degree from China’s Xi’an Jiaotong University, and an MBA from University of Toronto, Canada.

Moon Wang, regional head of controllers technology, Hong Kong

A technology expert, Moon Wang joined Goldman in 2010 and is currently Goldman’s regional head of controllers technology in Hong Kong. Prior to that, she used to work for a number of international banks like Nomura, Lehman Brothers and Morgan Stanley, all in roles with a technology focus.

She has a BSc in applied and engineering physics from Cornell University, and a certificate in software engineering from Columbia University.

Tony Xu, macro cross-asset sales, Hong Kong 

Xu’s entire career has been with Goldman. Based in Hong Kong now, Xu used to work at Goldman’s offices in Chicago, Boston and London. He’s been doing sales in the past nine years since he got an MBA from MIT’s Sloan School. Before MBA, he focused more on asset management and wealth management as an analyst.

Xu got his BA degree from Amherst College and his major was…music. Suffice to say, this is rare for a banker.

 

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