One of the top bankers of Goldman Sachs in Asia is moving to the United States to assume a global role in the firm. This was confirmed by people familiar with the matter, who told Reuters. The top employee had helped in broadening its business in the region despite the decline in the volumes in equities financing.
Goldlman Sach co-head of invesmtment banking for Asia Dan Dees is expected to move from his current post to his new office in the US within the next few months. While this was confirmed by the sources, no confirmation could be provided as to the exact role and title the banker would be assuming states side. What was sure though was that the new appointment would be a global role in nature.
With just a few select deals in Asia in 2012, Goldman still was able to earn large fees. This was at the time where investment banks in the region were doing more complex financings and options for solo bookrunning offers compared to a dependence on the steady volume of equity offers the market had previously enjoyed.
For its part, Goldman Sachs declined to make a comment on the news report on Dees.
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