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Goldman Sachs to merge all Asia-Pacific investment banking businesses
Goldman Sachs to merge all Asia-Pacific investment banking businesses

South China Morning Post

time22-05-2025

  • Business
  • South China Morning Post

Goldman Sachs to merge all Asia-Pacific investment banking businesses

Goldman Sachs plans to merge its investment banking businesses across the Asia-Pacific region to provide clients with more integrated advice and capital markets execution, according to a memo seen by the Post on Thursday. The US firm was combining its teams in Japan, Australia and New Zealand, and Asia excluding Japan to form a unified regional investment banking business, led by Iain Drayton, said the memo, which a spokesperson confirmed was genuine. 'This structure will enable more holistic client engagement, more effective deployment of global and regional expertise, and increased career opportunities for our people,' the memo said. Drayton, currently the head of investment banking for Asia, ex-Japan, was expected to work closely with Yoshihiko Yano and Shogo Matsuzawa, the co-heads of investment banking in Japan, as well as Nick Sims and Zac Fletcher, co-heads of corporate advisory in Australia and New Zealand. In 2006, Drayton joined Goldman in Tokyo as a managing director. He relocated to Hong Kong in 2010 and was named partner in 2014. The bank has topped the Asia-Pacific equity capital market league table this year, according to data compiled by Dealogic. It captured a 12 per cent market share by arranging 32 deals totalling US$9.8 billion. Its American rivals JPMorgan Chase and Morgan Stanley came in second and third.

Goldman Sachs combines three Asia IB businesses, names Drayton new unit head
Goldman Sachs combines three Asia IB businesses, names Drayton new unit head

CNA

time22-05-2025

  • Business
  • CNA

Goldman Sachs combines three Asia IB businesses, names Drayton new unit head

HONG KONG :Goldman Sachs is merging three Asian investment banking businesses it previously managed separately into a single unit to integrate its regional deals advisory and capital market capabilities, according to a memo reviewed by Reuters. Iain Drayton, head of the Wall Street bank's investment banking business in Asia excluding Japan, will lead the integrated Asia Pacific investment banking unit, said the internal memo issued on Thursday. A bank spokesperson confirmed the memo's content. "This structure will enable more holistic client engagement, more effective deployment of global and regional expertise, and increased career opportunities for our people," Goldman Sachs said in the memo. In the new role, Drayton will work closely with Yoshihiko Yano and Shogo Matsuzawa, co-heads of investment banking in Japan, and Nick Sims and Zac Fletcher, co-heads of corporate advisory in Australia and New Zealand, the memo said. A Goldman Sachs veteran, Drayton joined the firm in Tokyo as a managing director in 2006, relocated to Hong Kong in 2010, and was named a partner in 2014. Goldman Sachs ranks at the top of the Asia Pacific equity capital market league table this year, according to Dealogic data.

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