Goldman Sachs has announced the names of its new managing directors (MDs) globally, but Asia Pacific only accounted for 16% of them. Still, that’s a higher percentage than the 13% of revenues that the region contributed to Goldman’s financial results last quarter.
Who are the Hong Kong and Singapore-based people who’ve made a new-Goldman-MD list that’s dominated by employees in the US and Europe? We went through the names and produced a non-exhaustive sample of some of the newly promoted MDs in the two Asian financial hubs.
If you thought Hong Kong’s current civil unrest would cause Goldman to transfer MDs to Singapore or promote more people currently based in the city state, think again. Our Hong Kong/Singapore sample (which is based on publicly available information) is dominated by Hong Kong, which has long been the larger office for front-office jobs.
Jacky Tang, head of portfolio management group Asia; co-head of investment strategy group Asia (based in Hong Kong)
Tang, who is also an Adjunct Professor in the Department of Finance and Economics at City University of Hong Kong, joined Goldman in his current roles in 2012 following a year-long stint as head of Greater China equity research at Credit Suisse. He’s also held other senior jobs, including head of Hong Kong quantitative research at Merrill Lynch and BNP Paribas.
Benny Quek, head of equity sales (Singapore)
Quek has been with Goldman since 2011 when he joined at associate level. The Nanyang Technological University graduate worked for GIC for four years at the start of his career.
Francesca Lau, fixed income, currencies and commodities, securities division (Hong Kong)
Lau joined Goldman Sachs Securities as a salesperson in 2007, after graduating with a double degree in business and law from the University of Hong Kong. During the latter part of her career she has been responsible for structured product solutions for Greater China institutions, and has been co-chief operating officer of Goldman’s Asia Pacific Women’s Network Council.
Adrian Loh, head of cross markets team, private wealth management Asia (Hong Kong)
Loh, who joined Goldman in 2014, specialises in cross-assets advisory, trade execution and risk management across fixed income, currencies and rates, commodities, credit and equity. Prior to Goldman, Loh spent four years at Morgan Stanley, focusing on foreign exchange and interest rates derivatives sales and structuring. He began his career as a portfolio manager at the Monetary Authority of Singapore in 1997, and has also worked for Lehman Brothers, Dresdner Bank and Standard Chartered.
Phyllis Wang, equity capital markets syndicate (Hong Kong)
Wang was an analyst in Goldman’s financial institutions group in Sydney at the start of her career (2006 to 2009) and then moved to Hong Kong to work in ECM origination and execution. She joined the ECM syndicate team in 2016.
Jeremy Follett, chief risk officer Asia operations (Singapore)
Follett took a roundabout route into banking. He was an officer in the British Army between 1998 and 2003, and then spent three and a half years as an account manager at Mars Confectionery. He joined Goldman in 2007 and his stint with the firm included three years managing the equity derivatives operations teams in Bengaluru. Follett moved to Singapore in August last year to take on his current job.
Sojin Jung, securities (Hong Kong)
Jung started out at Deutsche Bank in Korea in 2002 and moved to Citi in 2005 at associate level. Prior to joining Goldman, the Seoul National University graduate worked for BNP Paribas as a senior trader between 2007 and 2010.
Curtis Leung, investment banking executive director, TMT group (Hong Kong)
Leung began his career as an investment banking analyst in the financial sponsors/M&A group at Lehman Brothers in 2006, and transferred to Nomura when it took over Lehman’s Asia operations in 2008. He joined Goldman in 2010 and has since led M&As, IPOs, equity offerings and debt offerings, primarily in the TMT sector. Leung has a Masters in Electrical Engineering from Princeton.
Jeffrey Chao, Asian special situations (Hong Kong)
Chao used his MBA in Finance from Wharton to help him get into Goldman. He was a summer associate at GS in 2009 during the degree, and landed a full-time job the year after. Chao began his career at UBS in 2003 as an analyst, focused on M&A, and then joined Diamond Castle Partners as a private equity associate in 2005, before departing for Wharton.
Jacky Leung, Asia TMT/internet investment banking (Hong Kong)
Leung has been with Goldman Sachs for just over four years and previously worked for Standard Chartered between 2009 and 2015, in Dubai and then Hong Kong. He started his career at ABN AMRO in London in 2006, having completed a BSc in Economics from the UK’s University of Warwick.
Ronald Keung, equity research analyst (Hong Kong)
Keung is an equity research analyst covering the Chinese internet and logistics sectors. He joined Goldman in Beijing in December 2009 and moved to Hong Kong in July 2012. Keung, who holds a Masters in Engineering from Oxford, worked as a research associate at UBS from 2007 to 2009, focused on Asia Pacific transportation.
Samuel Su, macro trading (Hong Kong)
Su’s promotion comes just 18 months after he joined Goldman. He worked for Morgan Stanley at the start of his career (between 2005 and 2013), latterly as an executive director, and then moved to Dymon Asia Capital as a portfolio manager.
Guan Shao-Ping, head of Greater China equity, Goldman Sachs Asset Management (Hong Kong)
Guan was promoted to lead China portfolio manager at Goldman Sachs Asset Management in August 2017. Guan first joined Goldman in Hong Kong in mid-2007, following stints at UBS Asset Management, Amundi Asset Management and Credit Agricole Asset Management, according to an SFC licence.
Andy Tai, head of media and technology, Southeast Asia, and TMT, China execution (Hong Kong)
One of at least three Hong Kong-based TMT specialists to have just been promoted to MD this year, Tai joined Goldman as an analyst back in 2007. The University of Michigan graduate spent a year at UBS in Los Angeles at the beginning of his career.
Kevin Xu, principal investments (Hong Kong)
Xu moved to Goldman Sachs in 2010, following stints of a year and three years at Basso Capital Management (as a hedge fund analyst) and PwC (working in financial risk management advisory), respectively.
Christopher Yiu Chung Cheung, head of Greater China prime brokerage sales (Hong Kong)
Cheung, who is a graduate of New York University, joined Goldman Sachs in August 2009, following a stint of about a year as an investment banking analyst at UBS.
Sean Navin, head of Hong Kong and northbound connect sales trading (Hong Kong)
Navin joined Goldman Sachs in 2007 after graduating from Hamilton College in the US with a Bachelors in Economics. He was promoted into his current job in July last year.
Selina Chen, credit sales (Hong Kong)
Chen works in Asia ex-Japan credit distribution.
Image credit: CHUNYIP WONG, Getty
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